Freeport`s Export License Extended until 2017

Translator

Editor

Kamis, 1 Januari 1970 07:00 WIB

TEMPO.CO, Jakarta- The Energy and Mineral Resources Ministry issued a recommendation letter approving Freeport Indonesia to export copper concentrates. The recommendation will be used by the US miner to request an export approval letter from the Trade Ministry.


Director General of Mineral and Coal Bambang Gatot Ariyono told Tempo on Tuesday, August 9, 2016, that Freeport also received an additional export quota to 1.4 million tons.


The recommendation letter is valid for five months until January 11, 2017. The concentrate export ban will begin the day after or on January 12, 2017.


Freeport's management was unable to confirm the report. "I have not checked it," the company's spokesman Riza Pratama said.


Meanwhile, House of Representatives' (DPR) Energy Commission member Satya Widya Yudha said that Freeport's export extension is against regulations. The Mining Law stipulates that a miner may not export concentrates without having first built a smelter. Freeport's smelter construction progress is stalled at 14%.


Satya said that a government regulation in lieu of the Mining Law is issued first, considering the Mining Law revision is not likely to be completed this year.


A similar sentiment came from law mining expert Ahmad Redi, who suggested the government to lobby the DPR to revise articles about the smelter mandate.


"When an export permit is given, the national regulations are violated. Not only the Mining Law but the Energy Minister's Regulation is broken by giving an export license until February 2017," Redi said Redi.


Meanwhile, the Indonesian Mining Association's chairman Ido Hutabarat said that not renewing Freeport's export license would cause financial troubles to the miner.


"We are just looking from the commercial point of view. Without an export license, Freeport will have fewer or no sales at all."


Ido asked the government to stop permitting export based on smelter-building progress because Freeport's smelter construction will not run smoothly without certainties about their contract. The fate of Freeport's activities in Papua will be decided in 2019 or two years before its contract expires.


ROBBY IRFANY | ALI HIDAYAT

Related News

KPPU: Gojek-Tokopedia Merger Not Violate Business Competition

30 Maret 2022

KPPU: Gojek-Tokopedia Merger Not Violate Business Competition

The Business Competition Supervisory Commission (KPPU) said the merger of Gojek and Tokopedia into GoTo did not indicate a monopoly.

Read More

KPPU Finds Evidence of Alleged Cooking Oil Cartel Practices

28 Maret 2022

KPPU Finds Evidence of Alleged Cooking Oil Cartel Practices

KPPU launched further investigations into the alleged cartel practices in cooking oil.

Read More

KPPU Probes Alleged Monopoly of Lobster Seeds Export Shipping

12 November 2020

KPPU Probes Alleged Monopoly of Lobster Seeds Export Shipping

The Business Competition Supervisory Commission (KPPU) detected an alleged monopoly on the shipping of lobster seeds export.

Read More

KPPU Meets Tokopedia, Bukalapak in Pre-employment Card Probe

8 Mei 2020

KPPU Meets Tokopedia, Bukalapak in Pre-employment Card Probe

KPPU spokesman Guntur said his side was investigating an alleged monopoly in the pre-employment card program and had met with Tokopedia and Bukalapak.

Read More

KPPU Rebuffs Grab's Demand on Panel Replacement

6 November 2019

KPPU Rebuffs Grab's Demand on Panel Replacement

KPPU rebuffed Grab Indonesia's demand to replace one of its commissioners who was handling the case of the alleged violation of business competition.

Read More

Gojek Tackled in Malaysia, Rudiantara: Grab Is Allowed Here

28 Agustus 2019

Gojek Tackled in Malaysia, Rudiantara: Grab Is Allowed Here

Minister Rudiantara has responded to the pros and cons related to the operation of Gojek in Malaysia.

Read More

Grab Likely Face Rp25bn Fine over Alleged Discriminatory Practice

18 Juli 2019

Grab Likely Face Rp25bn Fine over Alleged Discriminatory Practice

Grab Indonesia allegedly prioritized driver-partners from its business partner TPI than those individual drivers, said KPPU.

Read More

Kadin: Foreign Airlines will Improve Efficiency

7 Juni 2019

Kadin: Foreign Airlines will Improve Efficiency

Chief of the Indonesian Chamber of Commerce (Kadin) claimed that foreign airlines will create more business competition and improve efficiency.

Read More

Jokowi to Allow Foreign Airlines, Hotel Association: Good News

2 Juni 2019

Jokowi to Allow Foreign Airlines, Hotel Association: Good News

The Indonesian Hotel and Restaurant Association welcomes President Jokowi's plan to allow foreign airlines to operate in Indonesia.

Read More

Volvo's Polestar Joins Electric Car Race with Tesla 3

27 Februari 2019

Volvo's Polestar Joins Electric Car Race with Tesla 3

Volvo Cars' luxury performance brand Polestar unveiled its first fully electric sedan on Wednesday.

Read More