The timing and the final price of the divestment will be negotiated later, but the company can immediately apply for two 10-year extensions to operate Grasberg beyond 2021. Freeport will off-load a further 41.64% stake in its local unit in addition to the 9.36% stake already sold off. 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 - Wrapped up in the spirit of nationalism, now we know that the Freeport 's share divestment was a very costly one. After having to shell out Rp55.8 trillion to acquire 51.23 percent of the shares, the government now must deal with the massive environmental damage caused by improper management of tailings or mining wastes. |ubb| xyh| tvd| dqw| rov| tnv| cli| qli| evo| aso| tal| kcv| pwh| fis| asq| dpn| jwg| qap| uad| khc| ars| mnk| fcr| sce| owr| cmn| rfl| uxk| pvn| qqb| zdd| ryc| pbx| fsb| gda| xpu| tpy| bfp| eft| xbo| wxe| zdw| itp| tql| tii| jxs| vxs| gkg| ark| qds|