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General Manager of Minerals and Coal Ministry of Energy and Mineral Resources Bambang Gatot Ariyono said that the permit (IUPK) ends today, Wednesday (07/04/2018), is extended until 31 July 2018.
Section, some aspects of the negotiations such as l & rsquo; Contract extension, divestment, taxation and smelting are approaching the final. However, the environmental problem still requires additional time.
"The disinvestment aspect, the foundry, the extension of operations is approaching the final." The environmental regulation is still taking time, we are only restoring 1 month for Freeport, the government and Inalum, "The extension of time is stipulated in the Decree No. 1872 / K / 30 / MEM / 2018 of the Minister of Energy and Mineral Resources dated June 29, 2018. This decree becomes the fourth change of Decree No. 192/1998 of the Minister of Energy and Mineral Resources, 413 K / 30 / MEM / 2017 on IUPK production operations at PT Freeport Indonesia
With this decision, PT Freeport Indonesia can continue to sell concentrates abroad because the average export of concentrate from February to mid-June is approximately 465,000 tonnes per day
As is known, since February 10, 2017, Freeport has only temporary IUPK pockets, and it is optimistic that the negotiations will be completed this month so that IUPK quench (19659003) " Looking at the situation everything is getting closer of the closure and the pressure on the government itself and Freeport must be completed in a month, "he said.
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