TheJakartaPost
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The government has asked gold and copper miner PT Freeport Indonesia (PTFI) to quickly realize its plan to build a new smelter in Papua as one of the perquisites to extend the firm’s mining permit to 2061.
PTFI, which has obtained a mining license in Indonesia since 1967, has been in negotiations with the government to have its contract extended until 2041 to secure its operations, including getting fiscal and regulatory guarantees.
Freeport Indonesia CEO and Kadin vice president of investment Tony Wenas said regulatory stability and continuity beyond next year's general election was important for investors across the country.
