ESDM Denies Issuing New Contract for Freeport

Translator

Editor

Rabu, 13 Agustus 2014 08:00 WIB

Freeport Sepakati Renegosiasi Kontrak Tambang

TEMPO.CO, Jakarta - The Energy and Mineral Resources (ESDM) Ministry said mining permit for PT Freeport Indonesia will not be decided soon since granting the mining permit will only be done two years before the contract ends in 2019.


"The process will be overseen by the new government," said ESDM deputy minister Susilo Siswoutomo yesterday. This statement has also denied the claim by PT Freeport Indonesia director Rozik Boedioro that the government has permitted and is ready to issue a new mining contract for Freeport.


According to Susilo, Freeport’s contract will be in the form of Contract Mining Business Permit as regulated in the Mineral and Coal Law. "The permit is granted if the required steps and processings are fulfilled."


R. Sukhyar, director general for mineral and coal, said the continuity of Freeport’s contract can only be determined two years before the contract ends. "They wanted to extend the contract earlier, but it is not allowed," Sukhyar told Tempo last Friday.


In the contract amendment that is being compiled, the government still includes the investment by [other] mining companies. "We mention that a company is investing so that the next government mulls this," Sukhyar added.


The explanation in that amendment, however, is not a guarantee for companies to get extended operation. "It’s still the government's decision. If the contract is stopped, other companies can replace the investment," said Sukhyar.


AYU PRIMA SANDI




Related News

Jokowi Calls for Sync in Prabowo-Gibran Govt's Work Plan

32 menit lalu

Jokowi Calls for Sync in Prabowo-Gibran Govt's Work Plan

President Joko Widodo or Jokowi demanded that the Government Work Plan (RKP) for 2025 be meticulously prepared based on three primary principles.

Read More

BNPB: Flooding in South Sulawesi's Wajo Kills 1

50 menit lalu

BNPB: Flooding in South Sulawesi's Wajo Kills 1

The National Disaster Mitigation Agency (BNPB) reported that the flooding in Wajo Regency, South Sulawesi killed one resident.

Read More

Bappenas Lauds Jokowi for Indonesia's Stable Economy at About 5 Percent

1 jam lalu

Bappenas Lauds Jokowi for Indonesia's Stable Economy at About 5 Percent

Bappenas Head Suharso Monoarfa lauded President Jokowi's government as the country's economic growth was stable during his tenure.

Read More

Ganjar Pranowo Declares Opposition to Prabowo-Gibran Govt

2 jam lalu

Ganjar Pranowo Declares Opposition to Prabowo-Gibran Govt

Losing presidential candidate Ganjar Pranowo stated that he would take on the role of opposition to the Prabowo-Gibran government.

Read More

JATAM Highlights Alleged Human Rights Abuse at IKN

2 jam lalu

JATAM Highlights Alleged Human Rights Abuse at IKN

The East Kalimantan Mining Advocacy Network (JATAM) revealed alleged human rights abuses in IKN in a meeting with Dutch government officials.

Read More

Luhut Reveals Updates on Tesla's Investment Plan in Indonesia

2 jam lalu

Luhut Reveals Updates on Tesla's Investment Plan in Indonesia

Indonesian Coordinating Minister Luhut Binsar Pandjaitan disclosed the latest updates on Tesla's investment plans in Indonesia.

Read More

Today's Top 3 News: Jokowi Launches 6 Hospital-Based Medical Residency Programs

12 jam lalu

Today's Top 3 News: Jokowi Launches 6 Hospital-Based Medical Residency Programs

Here is the list of the top 3 news on Tempo English today.

Read More

Observer: A presidential club could bridge differences

13 jam lalu

Observer: A presidential club could bridge differences

Political observer Ujang Komarudin says Prabowo's plan to form a presidential club is an attempt to bridge the differences between previous presidents

Read More

Rupiah Climbs Up; Trades for 16,025 per US Dollar

13 jam lalu

Rupiah Climbs Up; Trades for 16,025 per US Dollar

The Rupiah gained 57 points, closing the trade at Rp16.025 per US Dollar.

Read More

Jokowi Holds Evaluation Meeting for Eid Homecoming; Calls for Rest Area Improvement

13 jam lalu

Jokowi Holds Evaluation Meeting for Eid Homecoming; Calls for Rest Area Improvement

Jokowi held a limited meeting to evaluate the 2024 Eid homecoming at the Merdeka Palace on Monday, May 6, 2024.

Read More