JAKARTA. An official has said the Indonesian government has enough funding to buy shares in copper and gold miner PT Freeport Indonesia as it has started to prepare a holding company to manage the mining site in Papua.“The holding company will buy shares in Freeport,” said Fajar Harry Sampurno, the deputy for mining, strategic industry and media affairs at the State-Owned Enterprises Ministry, on Thursday (3/2/2017).Currently, the Indonesian government and Freeport are negotiating changes to Freeport’s prevailing contract agreement following the issuance of new mining regulations.
Govt prepares funding scheme to buy Freeport
JAKARTA. An official has said the Indonesian government has enough funding to buy shares in copper and gold miner PT Freeport Indonesia as it has started to prepare a holding company to manage the mining site in Papua.“The holding company will buy shares in Freeport,” said Fajar Harry Sampurno, the deputy for mining, strategic industry and media affairs at the State-Owned Enterprises Ministry, on Thursday (3/2/2017).Currently, the Indonesian government and Freeport are negotiating changes to Freeport’s prevailing contract agreement following the issuance of new mining regulations.