Freeport

Negotiations to Increase State Shares in PT Freeport Indonesia Still Ongoing: Minister of Investment & President Jokowi’s Tough Stance

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Negotiations to Increase State Shares in PT Freeport Indonesia Still Ongoing: Minister of Investment & President Jokowi’s Tough Stance

Jakarta – Minister of Investment/Head of BKPM Bahlil Lahadalia opened his voice about the tough negotiations to increase state shares in PT Freeport Indonesia. Currently the negotiation process to increase share ownership in Freeport by 10%, bringing the total to 61%, is still ongoing. President Joko Widodo (Jokowi) also advised that these negotiations must provide … Read more

President Jokowi Announces PT Freeport Smelter in Gresik to Operate in June 2024, Will Absorb Up to 20 Thousand Workers

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President Jokowi Announces PT Freeport Smelter in Gresik to Operate in June 2024, Will Absorb Up to 20 Thousand Workers

Jakarta – President Joko Widodo (Jokowi) said PT Freeport’s smelter in Gresik will operate in June 2024. The industry will absorb up to 20 thousand young people as workers. Initially, Jokowi talked about the purchase of a majority stake in PT Freeport by BUMN in 2018. This action was taken to enable PT Freeport, which … Read more

Freeport-McMoRan Big Boss Meets Indonesian Minister Erick Thohir for Investment Discussion

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Freeport-McMoRan Big Boss Meets Indonesian Minister Erick Thohir for Investment Discussion

Jakarta – Big Boss of Freeport-McMoRan meets Minister of BUMN Erick Thohir. The meeting took place at the BUMN Ministry Office, Jakarta. There were two Freeport officials who met Erick Thohir. They are Chairman of the Board and Chief Executive Officer of Freeport-McMoRan, and Kathleen L. Quirk President and a member of the Board of … Read more

Freeport is spending USD 370 million to close the Tembagapura mine in 2041, for what?

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TEMPO.CO, Jakarta – PT Freeport Indonesia (PTFI) has prepared funds amounting to 370 million US dollars to close the mine in Tembagapura in 2041 if there is no extension contract business permit mining special (IUPK).

PTFI President Director Tony Wenas said that one of the closure plans is to reforest all the land that was once a mining location.

“We have prepared a fee of 370 million US dollars, it is ready and put in the bank, there is no need to mess with it,” said Tony during a conversation in Timika, Central Papua, Saturday 2 December 2023.

Tony said that the efforts made by PTFI are a commitment to restore what nature has produced.

Furthermore, PTFI has carried out various research and scientific studies involving academics for future mine closure plans.

“We’ll do it researchfrom now on, so that everything is ready. Are you going to (plant) corn or what? Let’s begin close 2041 because production will stop here, if continued “Yes, not yet, the mine will be closed later,” said Tony.

Restoration of 472 hectares of ex-dug fields

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The Impact of Ultra-High-Net-Worth Individuals on the Art World and Global Economy

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The Impact of Ultra-High-Net-Worth Individuals on the Art World and Global Economy

EPAVisitors to a gallery in Dubai view a work by Picasso that was auctioned this year for 130 million euros NOS Nieuws•vandaag, 20:18 Real Police editor Economics Real Police editor Economics The art collection of the super-rich worldwide is worth almost as much as the wealth of all Dutch people combined. This is evident from … Read more

Minister of Finance Responds to Potential Lawsuit by PT Freeport Indonesia over Export Duty Policy

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Minister of Finance Responds to Potential Lawsuit by PT Freeport Indonesia over Export Duty Policy

Jakarta – Minister of Finance Sri Mulyani Indrawati responded to a potential lawsuit filed by PT Freeport Indonesia regarding the export duty policy for copper concentrate exports. Freeport’s objection arose to the rules contained in Minister of Finance Regulation (PMK) Number 71 of 2023 concerning Stipulation of Export Goods Subject to Export Duty and Export … Read more

Jokowi Wants to Ban Raw Mining Exports, Freeport Boss Says This

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Jakarta – President Joko Widodo (Jokowi) will ban the export of raw mining goods. The plan, Jokowi will ban the export of bauxite and copper. In line with that, Jokowi encourages downstream to provide added value. So, will this downstream be realized with the export ban? President Director of PT Freeport Indonesia Tony Wenas explained, … Read more

14 Employees Trapped in Flood and Landslide at Freeport Successfully Evacuated

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Jakarta – A total of 14 employees of PT Freeport Indonesia, which was caught in flash floods and landslides in the Tembagapura District, Mimika Regency, Central Papua, was successfully evacuated. They were evacuated safely. “At 20.43 (WIT), 14 employees (previously 13) who were trapped in the building have been evacuated and there were no casualties,” … Read more

13 Freeport Employees Trapped Due to Flood and Landslide in Tembagapura

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Jakarta – A total of 13 employees of PT Freeport Indonesia in the Copperpura District, Mimika Regency, Central Papua, was reportedly caught in flash floods and landslides. They are still waiting to be evacuated. “On Saturday, February 11, 2023 at around 16.00 WIT, there was an avalanche in the Sag Mile 3 Mile 74 Area … Read more

Freeport Indonesia Opens Myriad Job Vacancies, Salaries are ‘Exorbitant’

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Jakarta – PT Freeport Indonesia is currently opening many job vacancies through the Fresh Graduates Program (FGP). This means that this job vacancy is for new graduates. It was said that the Fresh Graduates Program (FGP) was implemented with the aim of opening up job opportunities for Indonesians who had just graduated from college. In … Read more