Thursday, 17 October 2019

Freeport Allowed to Operate Until 2021

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  • Pembangunan Smelter Freeport Terancam Tertunda

    Pembangunan Smelter Freeport Terancam Tertunda

    TEMPO.CO, Jakarta - Minister of Energy and Mineral Resources Sudirman Said said that the mining giant PT Freeport Indonesia could continue its operation until 30 December 2021.

    PT Freeport Indonesian Spokesperson Riza Pratama saw it as a positive signal for the company to continue its operation in Indonesia.

    "There is a positive signal. But it’s not enough. Certainly, there will be a work contract and it will be changed into a special mining business permit (IUPK). That’s a long process,” he said last week.

    Freeport, he added, had asked for a legal and fiscal certainly after it was given a contract extension.

    He went on to say that this legal and fiscal certainty is to ensure that there will ne no changes of Freeport’s obligation if Indonesia has a new government.

    ALI HIDAYAT