Papua to discuss distribution of 10% Freeport shares
The Jakarta Post
Provincial and regental administrations in Papua are to discuss the distribution of 10 percent shares in gold and copper miner PT Freeport Indonesia after Freeport agreed to divest 51 percent of its shares, reported Antara.
Papua Governor Lukas Enembe said the shares should be distributed to the Papuan people through “one door”, suggesting that no single party should discuss the matter with the central government on behalf of the Papuan people.
“The provincial administration and the administrations of regencies surrounding the mining site, as well as leaders of customary communities, will discuss the details [instead],” Antara quoted Lukas's statement on Tuesday .Read also: Freeport divestment deal still far from settlement
PT Freeport Indonesia's agreement to divest 51 percent of its shares was announced by Freeport McMoran CEO Richard Adkerson during a joint press conference n Aug. 29 with Finance Minister Sri Mulyani Indrawati and Energy and Mineral Resources Minister Ignasius Jonan.
American mining giant Freeport McMoRan is the parent company of Freeport Indonesia.
“Once the central government agrees to give [Papua] 10 percent of the shares, we will buy them. We will discuss the technical details of the shares' purchase,” said Lukas, adding that his administration was following progress of the ongoing discussions between the central government and Freeport representatives.
Although Freeport agreed to divest its shares in principle, the company has not yet accepted the the government's proposed divestment scheme, which includes the shares' valuation and the divestment schedule. (bbn)
- Drone captures widened crater fracture on Mt Agung
- Another coin-tossing elderly Chinese causes flight chaos
- Want to have fantastic eye health? These tips can help
- Soekarno-Hatta to open ride-hailing transport booths
- Minister Susi to display 10 arrested foreign-flagged fishing vessels
- Freeport vehicles shot at by unidentified assailants
- Jakarta Fashion Week 2018 celebrates diversity in 10th anniversary
- Jokowi inaugurates Mandalika economic zone
- Sidewalk development in North Jakarta has reached 45% completion
- S.Tangerang Police arrest man claiming to be FBR member for alleged extortion, violence