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Freeport's Export Permit on ESDM's Hands  

27 July 2014 08:14 WIB

Freeport Sepakati Renegosiasi Kontrak Tambang

TEMPO.CO, Jakarta - Deputy Trade Minister Bayu Krisnamurthi said that the government and PT Freeport Indonesia had come into agreement in the renegotiation of mining contracts to allow Freeport exporting mineral concentrate.

“We are now waiting for recommendations from the director General of Mineral and Coal,” Bayu said at the Trade Ministry on Friday, July 25, 2014.

According to Bayu, Freeport had fulfilled the requirements, set by the government, to be a registered exporter (ET). However, the company had to obtain raw ore export permits (SPE) issued by the Trade Ministry, following a recommendation from the Energy and Mineral Resources Ministry (ESDM).

On Monday, July 7, 2014, the government announced that Freeport had agreed six renegotiation points, offered by the government, and signed the memorandum of understanding on Friday, July 25, 2014.

The six points of renegotiations agreed were related to the size of mining areas, contract extensions, amounts of royalty to be paid, the obligation to process raw materials in Indonesia, divestment and the utilization of local goods and services.

AYU PRIMA SANDI




Jokowi Gathers Ministers to Discuss Foreign Mining License

15 hari lalu

Jokowi Gathers Ministers to Discuss Foreign Mining License

President Joko Widodo or Jokowi convened a limited meeting with the cabinet ministers at the State Palace, Jakarta, on Wednesday, March 13, 2024.


Freeport Indonesia Claims Changes in Operation Help Reduce Carbon Emission by 24%

27 September 2023

Freeport Indonesia Claims Changes in Operation Help Reduce Carbon Emission by 24%

Freeport attributes this claim to the company's decision to change some of its operating methods, including changing fuels.


Freeport Indonesia Opens Internship Recruitment for Students

29 April 2023

Freeport Indonesia Opens Internship Recruitment for Students

PT Freeport Indonesia is opening recruitment for internships to active students with a minimum GPA of 2.8.


BI Urges Export, Import Actors to Use Local Currencies in Transacting

14 Oktober 2022

BI Urges Export, Import Actors to Use Local Currencies in Transacting

Bank Indonesia or BI encourages export-import actors to make more use of Local Currency Settlement (LCS).


President Says Freeport Indonesia's 5G Remote Mining a First in Southeast Asia

1 September 2022

President Says Freeport Indonesia's 5G Remote Mining a First in Southeast Asia

Jokowi inaugurated the 5G underground "smart mining" implemented in Freeport Indonesia's underground mining facility.


Jokowi Scheduled to Visit Freeport Indonesia Mining Facility

1 September 2022

Jokowi Scheduled to Visit Freeport Indonesia Mining Facility

President Jokowi has departed for Papua to visit the Grasberg Mine that is currently operated by Freeport Indonesia.


Jokowi Talks of 4.9% Inflation with Freeport McMoRan Boss

31 Agustus 2022

Jokowi Talks of 4.9% Inflation with Freeport McMoRan Boss

President Jokowi visits the headquarter of PT Freeport Indonesia in Mimika Regency, Papua.


5 People in Freeport's Circle Died from Covid-19

29 September 2020

5 People in Freeport's Circle Died from Covid-19

Five people within the first ring-or Ring One-of Freeport Indonesia's (PTFI) area have died from Covid-19.


51 Workers Contract to Covid-19; Freeport Continues Operation

15 Mei 2020

51 Workers Contract to Covid-19; Freeport Continues Operation

Freeport Indonesia has decided to continue its operation in Tembagapura, Papua, despite 51 of its employees testing positive for COVID-19.


Freeport Allocates Rp8tn for Smelter Project

19 Februari 2020

Freeport Allocates Rp8tn for Smelter Project

Freeport is preparing US$600 mn to build smelting facilities at the Java Integrated Industrial and Port Estate (JIIPE) in Gresik, East Java this year.