TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Freeport not yet to export concentrate

News Desk (The Jakarta Post)
Jakarta
Thu, April 6, 2017

Share This Article

Change Size

Freeport not yet to export concentrate Value added output: A worker monitors the mineral flotation process to produce copper, gold and silver concentrates in one of Freeport Indonesia's facilities. The dried concentrates are taken to Amamapare Port in Papua and shipped to molding factories. (Kompas/B. Josie Susilo Hardianto)

A

lthough the government has permitted PT Freeport Indonesia to export concentrate for the next eight months, while both parties continue negotiations, the cooper and gold miner has not made preparations to export its product.

Freeport Indonesia spokesman Riza Patrama said the company was waiting for the finalization of the legal basis for a special mining license (IUPK) from the Energy and Mineral Resources Ministry   

When that is finished, Freeport will obtain a concentrate export recommendation from the Trade Ministry, said Riza as reported by kotan.co.id on Thursday.

Freeport stopped exporting concentrate following the issuance of Government Regulation No. 1/2017 on coal and mineral mining (Minerba).

(Read also: Three points not open to negotiation with Freeport, official says)

On Tuesday, Energy and Mineral Resources Ministry secretary-general Teguh Pamudji said Freeport had been allowed to export its product for the next eight months and it would be evaluated after the first six months, taking into account the progress of smelter construction.

The miner will be allowed to return to the contract of work (CoW) signed in 1991, if a mutual agreement between Freeport Indonesia and the government cannot be made by October. However, it would not be allowed to export any copper concentrates. (bbn)   

{

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.