Inalum will support Freeport's obligations



[ad_1]

TRIBUNJAMBI.COM, JAKARTA – PT Inalum, a relative of the state-owned mining company PT Inalum, has purchased a 51% interest in the divestment of PT Freeport Indonesia (PTFI). The focus is, among others, put on a number of unfinished obligations of Freeport Indonesia

For example, the construction of processing facilities and the purification of copper ores or foundries. Some circles feel like the transition from the PTFI shareholding, the obligation that Freeport Indonesia has not yet implemented will be a new responsibility for Inalum.

Read: 2018 World Cup Final: France returns by Griezmann

Resources from Tarumanegara University Ahad Redi said that if Inalum already owned 51% of the shares of PTFI, the Building responsibilities of Freeport Indonesia is also a responsibility for Inalum.

The portion of the dependents will be important because Inalum will become the controlling shareholder. In fact, "all obligations that have not been implemented by PTFI are also the responsibility of Inalum," he explained Friday (13/7).

Ahmad said that there was not only the obligation to build foundries. ) as well as the Ministry of Environment and Forests (KLHK), including dividends paid to unpaid countries, are also the responsibility of Inalum. "It's a loss to buy Freeport McMoran (Freeport McMoran) has won a lot," he said.

In response to various highlights, Rendi A Witular, chief of communications, said that the obligation to build foundries remains the domain of Freeport Indonesia. "But we'll see what it looks like," he said

Read: Do not miss products for the new year at the Salemba Bookstore

Read: Sweet Price for Sweet from Hypermart [19659002] On environmental issues, Environment and Forests Minister Siti Nurbaya said that his agency was constantly discussing this issue. Even KLHK has identified 48 environmental issues related to Freeport's mining operations. "We have already controlled 35 points and we still have 13. Of these 13 points, I have seven controls that are almost complete," said Siti without mentioning it in detail

In audit result report of 39; review (LHP) on the implementation of the PTFI 2013-2015 work contract, the United States company that violated a number of environmental requirements. For example, the use of protected forest areas in unauthorized operations

The use of protected forest areas is considered to have had an impact on the Forestry Act No. 19/2004. This law regulates the use of the loan must be authorized by the Minister

Read: Special price LED TV at Hypermart, starting price Rp 1.46 Million

Read: The credit of 39; enterprise in Jambi increases by 6.19 per cent at Triwulayan I

Read: Back to school with Honda BeAT

In addition, PTFI is considered to pollute the environment. environment in rivers, forests, estuaries and the sea. Tito Sulistio, former chief executive of the Indonesia Stock Exchange (IDX), said that if the government becomes the majority shareholder, all PTFI liabilities that have not been executed will automatically be the responsibility of Inalum. "If Freeport McMoRan promises an investment via PTFI, while the Indonesian government also owns 51% of PTFI, it's the same thing that the government promises to itself," Tito said.

[ad_2]
Source link