14 Aug 2017

Negotiations continue over Grasberg mine

8:17 pm on 14 August 2017

Indonesia's government is keeping quiet on the progress of negotiations with the global mining giant Freeport, over its gold and copper mine in West Papua.

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Photo: wikicommons

Operations have been crippled with the two sides quarrelling since January, when Jakarta forced Freeport to stop exporting copper concentrate from the Grasberg mine.

Indonesia wants Freeport's local subsidiary to adopt a special licence, pay new taxes and royalties, divest a 51 percent stake in its operations and to relinquish arbitration rights.

The Jakarta Post reported that the finance minister, Sri Mulyani Indrawati, and resources minister, Ignasius Jonan, met on Thursday last week to discuss the ongoing negotiations, but the ministers did not say if any progress had been made.

Mr Jonan said Freeport's chief executive, Richard Adkerson, requested the meeting to discuss investment certainty.

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