JAKARTA. Gold mining giant PT Freeport Indonesia (PTFI) has been reminded that it must report any changes in its board of directors to the government and seek its approval. "In accordance with the contract of work, any change in directors must be approved by government," Energy and Mineral Resources Ministry director general of minerals and coal Bambang Gatot Ariyono told thejakartapost.com on Tuesday. The government can approve or reject a new president director of the company appointed by Freeport McMoran Copper & Gold Inc., he said, adding that PTFI had yet to formally report the resignation of its president director, Maroef Sjamsoeddin.
New Freeport boss must obtain government approval
JAKARTA. Gold mining giant PT Freeport Indonesia (PTFI) has been reminded that it must report any changes in its board of directors to the government and seek its approval. "In accordance with the contract of work, any change in directors must be approved by government," Energy and Mineral Resources Ministry director general of minerals and coal Bambang Gatot Ariyono told thejakartapost.com on Tuesday. The government can approve or reject a new president director of the company appointed by Freeport McMoran Copper & Gold Inc., he said, adding that PTFI had yet to formally report the resignation of its president director, Maroef Sjamsoeddin.