1) Freeport Agrees to Increase Divestment
TEMPO.CO, Jakarta - Coordinating Economic Minister Chairul Tanjung stated that PT Freeport Indonesia has agreed to release its 20.7 percent of stock ownership to Indonesian Government, adding to 9.3 percent that is currently owned by the government.
“Freeport has signed the memorandum of understanding and agreed to divest 30 percent of its shares,” Chairul said on Friday, September 5, 2014.
Chairul explained that by owning 9.3 percent of Freeport’s shares, the government had no power to bill dividend from the company. Chairul added that the current and new governments should sit together to seek dividend from Freeport. However, he admitted that the effort was hampered since the government imposed bans on the company to export its production.
Finance Minister Chatib Basri welcomed Freeport’s intention to divest up to 30 percent of its shares to the government.
“Larger share ownership would be better [for Indonesia],” Chatib said at his office yesterday.
Based on the government’s calculation, the government had only received about half of the amount to be paid by Freeport. The rest of the payment was hindered because the government imposed bans on exports during the process of mining contract renegotiation.
AMOS SIMANUNGKALIT | JAYADI SUPRIADIN
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2) Mob torches 17 homes after murder in Papua
Nethy Dharma Somba, The Jakarta Post, Jayapura | Archipelago | Sat, September 06 2014, 9:15 PM
Angry residents burned down 17 houses in Arso district, Keerom regency, Papua, on Saturday morning following the killing of a resident, identified as Catur Yudo Wastuti, while she cleaned her house.
One of the residents, Indra, said the incident started when a man named Hilarius Gombo stabbed Catur in what appeared to be an unprovoked attack. He said Catur did not have time to protect herself.
“Without saying anything, he [Hilarius] suddenly stabbed her in the neck with his machete. She died at the scene,” he told The Jakarta Post on Saturday.
Indra said Hilarius was drunk when he attacked Catur. He added that the two knew each other and that Hilarius had frequently visited Catur’s house as a friend.
He said Hilarius’ actions had outraged local residents, who had then attempted to avenge the death of their neighbor by setting fire to several houses located close to Hilarius’ house.
Keerom Police chief Adj. Sr. Comr. Pasero said the police had detained Hilarius for further questioning and had curbed the riot.
He said a group of police officers were still on standby to maintain order. (alz/dic)
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