 To implement the provisions in the master agreement, the Indonesian government issued Presidential Decree No.5/1976 which underlies the formation of the Asahan Project Development Authority as a government representation responsible for the Asahan Project development.Inalum is noted as a pioneer and the first company in Indonesia who engaged in the aluminum smelting industry with total investment of 411 billion Yen.The status change of Inalum into a state-owned company occurred "de facto" on November 1, 2013 in accordance with the master agreement.