JAKARTA. The Spokesman of PT Freeport Indonesia Riza Pratama said that the company is ready to change the status of contract of work to special mining license (IUPK) with several conditions. “We have just proposed the readiness to convert to IUPK,” he told KONTAN, Monday (15/1). The proposal includes some conditions, including the extension of Freeport operation up until 2041, or 20 years after the end of Freeport’s contract in 2021. Freeport also requests the government to nail down the tax. “We need fiscal insurance,” he said. In terms of smelter construction, Freeport has commitment to continue the smelters constructions soon after the extension of the operational rights. “Based on the commitments, we hope that the government will extend Freeport’s export license,” he said.
Freeport might change contract of work status
JAKARTA. The Spokesman of PT Freeport Indonesia Riza Pratama said that the company is ready to change the status of contract of work to special mining license (IUPK) with several conditions. “We have just proposed the readiness to convert to IUPK,” he told KONTAN, Monday (15/1). The proposal includes some conditions, including the extension of Freeport operation up until 2041, or 20 years after the end of Freeport’s contract in 2021. Freeport also requests the government to nail down the tax. “We need fiscal insurance,” he said. In terms of smelter construction, Freeport has commitment to continue the smelters constructions soon after the extension of the operational rights. “Based on the commitments, we hope that the government will extend Freeport’s export license,” he said.