1) Negotiation with Freeport Shows Progress: Minister Luhut
TEMPO.CO, Jakarta - Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan said that Freeport Indonesia will soon divest its shares following a development in negotiations between the government and the mining company.
“There has been a progress, as reported by [Energy and Mineral Resources] Minister Jonan,” Luhut said at the Meteorology, Climatology and Geophysics Agency in Jakarta on Friday, March 31, 2017.
He explained that the government intended to gain a win-win solution for both sides in order to maintain good relationships and avoid conflicts.
However, Minister Luhut reminded Freeport to comply with regulations implemented by Indonesia.
“We rented our house, so they have to play by our rules,” he asserted.
Earlier, Energy and Mineral Resources Minister Ignasius Jonan said that the negotiation with Freeport has reached the final stage. However, Freeport asked the government to extend the negotiation to October 2017.
Freeport previously gave 120 days, starting from February 2017, for the Indonesian government to negotiate the terms and threatened to bring the issue to an international arbitration.
Fedina S. Sundaryani The Jakarta Post