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Negotiations Enter New Round

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· 4 minutes read
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Kompas/Raditya Helabumi

Energy and Mineral Resources Minister Ignasius Jonan (right) is seen with Finance Minister Sri Mulyani (center) and Freeport-McMoran Inc. CEO Richard C Adkerson during a press conference at the Energy and Mineral Resources Ministry in Jakarta on Tuesday (29/8). Freeport-McMoran Inc., as the parent company of PT Freeport Indonesia, have expressed its willingness to agree to several government stipulations, such as constructing a local smelter and divesting 51 percent of Freeport Indonesia’s shares, to resume operations in Indonesia.

JAKARTA, KOMPAS – Negotiations between the Indonesian government and mining giant PT Freeport Indonesia have entered a new round.

The US-based mining company, which operates a gold and copper mine in Papua, has complied with the government’s terms, such as divesting 51 percent shares, building a smelter, and following existing taxation schemes. However, further negotiations are still needed to realize a more detailed agreement, a joint press conference disclosed in Jakarta on Tuesday (29/8).

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