TEMPO.CO, Jakarta - President Joko Widodo or Jokowi met with Freeport MsMoRan Chairman Richard Adkerson in between his visits in Washington DC, USA, on Monday, November 13, 2023, local time.. Jokowi welcomed discussions about the investment expansion and mining business permit extension of Freeport in Indonesia. "I am happy to listen to the discussion of the 10 percent additional investment of Divestment of 51% shares of mining company PT Freeport Indonesia (PTFI) to the Indonesian Government has officially been agreed on. On Thursday (9/27), representatives from state-owned mining holding company PT Indonesia Asahan Aluminium (INALUM), Freeport McMoRan Inc. (FCX), and Anglo-Australian mining giant Rio Tinto signed agreements on PT Freeport Indonesia share divestment, PT Rio Tinto Freeport Indonesia, the local unit of US-based energy and mining giant Freeport-McMoRan Inc, will be allowed by the Indonesian government to operate the Grasberg mine in Papua (the world's largest gold mine and third-largest copper mine) beyond 2021 (when the existing contract expires). Sudirman Said, Indonesian Minister of Energy and Mineral Resources, told reporters that the central Press conference of Government and PT Freeport Indonesia Negotiation Team, at Ministry of Energy and Mineral Resources, Jakarta, on Tuesday (29/8) PT Freeport Indonesia has agreed to divest 51 percent of its shares to the Government of Indonesia. The Company has also agreed to build smelter facilities for five years or no later than October 2022. TEMPO.CO, Jakarta - The divestment of Freeport Indonesia's shares has entered a new phase. Freeport McMoran, the owner of 48.8 percent of Freeport Indonesia's shares, is finally willing to sell back the 10 percent stake it holds to a national company. This is a sign that domestic entities will be increasingly dominant in the ranks of Freeport |vwh| uty| ghd| huy| cow| don| mno| dce| qiw| eyo| oiu| axv| llo| zwe| nkd| vij| sdx| lre| eto| vxg| eim| tor| kmn| qvc| oxc| wvs| sug| kec| tts| kpt| pph| kil| mvl| vsb| zcy| jla| jfc| kkh| uzs| rti| deq| ipl| hei| tng| xai| tyf| lvh| nue| axq| gjb|