Minister of Energy and Mineral Resources (ESDM) Sudirman Said reportedly sent a letter to PT Freeport Indonesia related to contact work Freeport extension talks until 2014.
This was disclosed by the Director of Mineral and Coal, Ministry of Energy Bambang Gator after a meeting with Freeport in the office.
Mining activities in the area of PT Freeport's Grasberg mine in Mimika, Papua.
© Reuters / Stringer mining activities in the area of PT Freeport's Grasberg mine in Mimika, Papua.
Bambang said, the letter over to the form of guarantees investors Freeport in Indonesia. That is, the government wants to show to Freeport on a commitment to maintain the continuity of Freeport's operations in this country.
"Letters to Freeport existing ministers, we appreciate PP 77. In principle, the government respect the principle of investment," said Bambang, Tuesday (28/7).
This further reinforces the government signal to undo changes Freeport contract of work into Special Mining Permit (IUPK). Based on number 77 of 2014, a new work contract extension talks could be done at least 2 years before KK depleted. This means that the new KK extension talks should only be done in the coming 2019.
"Extension of 2 years. The government principle ensures investment, but no PP 77 that. The time in the ministry one of the issues it. The amendment still run," he said.
Thus, the government can not give IUPK. However, in order to give confidence Freeport as an investor, the government gives a commitment letter to Freeport.
Republika.co.id
This was disclosed by the Director of Mineral and Coal, Ministry of Energy Bambang Gator after a meeting with Freeport in the office.
Mining activities in the area of PT Freeport's Grasberg mine in Mimika, Papua.
© Reuters / Stringer mining activities in the area of PT Freeport's Grasberg mine in Mimika, Papua.
Bambang said, the letter over to the form of guarantees investors Freeport in Indonesia. That is, the government wants to show to Freeport on a commitment to maintain the continuity of Freeport's operations in this country.
"Letters to Freeport existing ministers, we appreciate PP 77. In principle, the government respect the principle of investment," said Bambang, Tuesday (28/7).
This further reinforces the government signal to undo changes Freeport contract of work into Special Mining Permit (IUPK). Based on number 77 of 2014, a new work contract extension talks could be done at least 2 years before KK depleted. This means that the new KK extension talks should only be done in the coming 2019.
"Extension of 2 years. The government principle ensures investment, but no PP 77 that. The time in the ministry one of the issues it. The amendment still run," he said.
Thus, the government can not give IUPK. However, in order to give confidence Freeport as an investor, the government gives a commitment letter to Freeport.
Republika.co.id

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