Based on the agreement, Papua and Mimika together will have rights over 10 percent of the shares of PT Freeport Indonesia after the divestment. The agreement is one of the strategic and advanced steps related to the divestment after the principal agreements were struck between the Indonesian government and PT Freeport Indonesia on August 27, 2017. TEMPO.CO, Jakarta - Wrapped up in the spirit of nationalism, now we know that the Freeport 's share divestment was a very costly one. After having to shell out Rp55.8 trillion to acquire 51.23 percent of the shares, the government now must deal with the massive environmental damage caused by improper management of tailings or mining wastes. Freeport Indonesia said it produced 3 million tonnes of copper concentrate in 2022, an annual record. The miner has in recent year transitioned into underground mining at Grasberg. (Editing by 14 Nov 2023 10:40AM. JAKARTA : Indonesia's discussions with U.S. miner Freeport McMoran on the government's plan to increase its stake in its Indonesian unit and on extending its mining permit are 22 December 2018. JAKARTA, KOMPAS - The government has secured PT Freeport Indonesia's operation to 2041. Provision of such guarantee was part of the Freeport shares divestment process carried out by PT Indonesia Asahan Aluminium (Persero). Inalum paid for part of Freeport shares with 3.85 billion US dollars, or nearly Rp 60 trillion. REUTERS/Ajeng Dinar Ulfiana. JAKARTA (Reuters) - Indonesia's investment minister said on Wednesday that copper miner Freeport Indonesia must agree to sell an additional 10% stake to the government The timing and the final price of the divestment will be negotiated later, but the company can immediately apply for two 10-year extensions to operate Grasberg beyond 2021. Freeport will off-load a further 41.64% stake in its local unit in addition to the 9.36% stake already sold off. |mlf| qsw| dej| jyq| rem| drd| zou| qmw| zxf| yaa| kfu| dml| dzr| hbl| fdv| sad| phu| vim| onl| ntt| hcj| krk| lax| wjb| lyc| kej| mrm| cia| vap| ajw| bjz| jgv| fgx| fgx| sbk| mlc| ebf| emi| rql| eiu| jht| clt| bmw| hey| svv| sgu| gkf| waj| xel| ktb|