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Jakarta Post

Government stands firm as Freeport threatens to cut production

  • Fedina S. Sundaryani

    The Jakarta Post

Jakarta   /   Tue, February 7 2017   /  12:09 am

The government seems set to ignore threats by United States-mining giant Freeport-McMoran Inc to cut production at its Papuan mine and slash its local workforce if it does not receive a permit to continue exporting copper concentrates by the middle of the month. Last month, the government relaxed a ban on mineral exports so long as miners still in possession of a contract of work (CoW) converted it to a special mining permit (IUPK). Freeport Indonesia, the mining giant’s local unit, has not complied, according to the Energy and Mineral Resources Ministry. The ministry’s mineral and coal director general, Bambang Gatot Ariyono, said on Monday that not one mining firm had submitted an official application to convert to a IUPK. “We have not given [Freeport Indonesia] an export permit because, as stipulated by ministerial decree No. 5/2017 and No. 6/2017, if the company has not submit...