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Freeport Summoned by the House

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9 February 2017 18:40 WIB

President Director PT Freeport Indonesia, Chappy Hakim. TEMPO/Dhemas Reviyanto

TEMPO.CO, Jakarta - The Energy Commission at the House of Representatives (DPR) summoned mining company leaders, including from Freeport, to attend a hearing regarding the new regulation on the implementation of mineral and coal (Minerba) mining activities that is governed by the Government Regulation No. 1 /2017.

The House, among others, invited President Directors from PT Freeport Indonesia, PT Vale Indonesia, PT Amman Mineral Nusa Tenggara, PT Sulawesi Mining Investment, and PT Gebe Industry Nickel.

“The House plans to listen to the sentiments from the business makers in regards to the revision of the regulation,” said Communication Manager of PT Vale Indonesia Tbk, Iskandar Siregar, on Thursday, February 9, 2017.

Previously, the Government issued a new policy on the implementation of mining business activities as the fourth revision of Government Regulation No. 23/2010.

One of the revisions contained in the new regulation is the change in the time period to submit an application to renew their mining license (IUP) and the special mining license (IUPK), which should be submitted as early as five years before the existing license ends.

Another point is the divestment change up to 51 percent that would be done gradually. The realization of the divestment was given a 10-year schedule since the start of the production as has been instructed directly by President Joko “Jokowi” Widodo.

GHOIDA RAHMAH | VINDRY FLORENTIN



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