• Latest
  • Trending
Papua to get Freeport’s shares

Papua to get Freeport’s shares

January 14, 2018
Hong Kong Pro-Democracy Activists Sentenced For 2019 Protests

Hong Kong Pro-Democracy Activists Sentenced For 2019 Protests

April 18, 2021
The Reasoning Behind Afghanistan Withdrawal

The Reasoning Behind Afghanistan Withdrawal

April 17, 2021
Facebooks bikini girls

Facebooks bikini girls

April 6, 2021
U.S. official: Washington to consult closely with allies on North Korea policy

U.S. official: Washington to consult closely with allies on North Korea policy

April 5, 2021
Militants attack military bases in southern Somalia

Militants attack military bases in southern Somalia

April 5, 2021
Oxfam suspends 2 aid workers under investigation in DRC

Oxfam suspends 2 aid workers under investigation in DRC

April 4, 2021
China Intends to Occupy More Disputed Areas, Philippines Says

China Intends to Occupy More Disputed Areas, Philippines Says

April 4, 2021
China: Defense budget to grow by 6.8 % to maintain upgrades

China: Defense budget to grow by 6.8 % to maintain upgrades

March 6, 2021
Pakistan PM: Will sit on opposition benches if loses confidence vote

Pakistan PM: Will sit on opposition benches if loses confidence vote

March 5, 2021
Pakistan: Maryam Nawaz prevails in elections

Pakistan: Maryam Nawaz prevails in elections

March 5, 2021
Putin May Have Triggered an Attempted Coup in Armenia

Putin May Have Triggered an Attempted Coup in Armenia

March 1, 2021
Karma the Hollywood curse

Karma the Hollywood curse

March 1, 2021
citizendaily
  • Asia News
    • Northeast Asia
      • China
      • Japan
    • North Korea
    • Oceania
      • Australia
      • New Zealand
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Southeast Asia
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
  • World News
    • Africa
    • Europe
      • Germany
      • United Kingdom
    • Latin America
      • Cuba
      • Mexico
    • Middle East
      • Gulf States
      • Iran
      • Iraq
      • Saudi Arabia
      • Syria
    • North America
      • Canada
      • United States
    • Russian Federation
  • Economy
    • Brexit
    • Free Market
  • Politics
    • ASEAN
    • Diplomacy
    • ISIS
    • National Defence & Security
  • Editorial
  • Environment
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Lifestyle
    • Books & Literature
    • Entertainment
    • Food & Dining
    • Religion
    • Travel
    • Tech
  • Sports
No Result
View All Result
Tuesday, April 20, 2021
  • Asia News
    • Northeast Asia
      • China
      • Japan
    • North Korea
    • Oceania
      • Australia
      • New Zealand
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Southeast Asia
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
  • World News
    • Africa
    • Europe
      • Germany
      • United Kingdom
    • Latin America
      • Cuba
      • Mexico
    • Middle East
      • Gulf States
      • Iran
      • Iraq
      • Saudi Arabia
      • Syria
    • North America
      • Canada
      • United States
    • Russian Federation
  • Economy
    • Brexit
    • Free Market
  • Politics
    • ASEAN
    • Diplomacy
    • ISIS
    • National Defence & Security
  • Editorial
  • Environment
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Lifestyle
    • Books & Literature
    • Entertainment
    • Food & Dining
    • Religion
    • Travel
    • Tech
  • Sports
No Result
View All Result
citizendaily
No Result
View All Result

Papua to get Freeport’s shares

January 14, 2018
in Economy, Indonesia
0
Home Economy
Post Views: 410

 

The central government signed a memorandum of understanding (MoU) with the Papua provincial administration and the Mimika regency administration on Friday, granting the local government a 10 percent stake in the coming divestment of gold and copper miner PT Freeport Indonesia (PTFI).

The government was represented by the Finance Ministry, the Energy and Mineral Resources Ministry and state-owned aluminum firm PT Indonesia Asahan Aluminium (Inalum).

Finance Minister Sri Mulyani Indrawati said that under the MoU, both the Papua administration and Mimika regency would jointly own a 10 percent stake out of the 51 percent of divested PTFI shares. Negotiations between the government and PTFI are still taking place.

RelatedPosts

Shares of Philippine airline sent on a roller coaster ride after alleged ‘fat finger’ error

Indonesia’s mining industry headed nowhere fast

Indonesian Govt: Freeport committed 48 environmental violations

Indonesia to pay $3.85 billion for majority stake in Freeport

Indonesian Govt Set to Sue Freeport for Environmental Woes

“The portion of the stake was to accommodate the rights of the indigenous people, which are affected by PTFI’s [operation],” she told reporters on Friday.

Discussions over the transaction mechanism between Inalum and the local administrations were underway, she said, adding that the transactions would use neither state budget nor regional budget funds.

Inalum president director Budi Gunadi Sadikin said the signing of the MoU had settled the issue of the allotment of shares among central and local governments in the coming divestment of PTFI, a local subsidiary of United States-based mining giant PT Freeport-McMoRan.

The government previously extended the temporary permit of PTFI to June 30, allowing the latter to resume its operation while negotiations take place.

Source :
The Jakarta Post
Tags: divestmentFreeport IndonesiaPapuan-administrationsshares
Previous Post

Syahrini becomes superhero in hands of Marvel Comics illustrator

Next Post

Ash eruption from Philippines volcano triggers evacuation

Related Posts

Facebooks bikini girls
Asia News

Facebooks bikini girls

April 6, 2021
China Intends to Occupy More Disputed Areas, Philippines Says
ASEAN

China Intends to Occupy More Disputed Areas, Philippines Says

April 4, 2021
China: Defense budget to grow by 6.8 % to maintain upgrades
Afghanistan

China: Defense budget to grow by 6.8 % to maintain upgrades

March 6, 2021
Pakistan PM: Will sit on opposition benches if loses confidence vote
ASEAN

Pakistan PM: Will sit on opposition benches if loses confidence vote

March 5, 2021
Pakistan: Maryam Nawaz prevails in elections
ASEAN

Pakistan: Maryam Nawaz prevails in elections

March 5, 2021
Explosion strikes Israeli ship in Mideast raises tension
Asia News

Explosion strikes Israeli ship in Mideast raises tension

February 28, 2021
Next Post
Ash eruption from Philippines volcano triggers evacuation

Ash eruption from Philippines volcano triggers evacuation

Translate

Subscription

Popular Post

Hong Kong Pro-Democracy Activists Sentenced For 2019 Protests
ASEAN

Hong Kong Pro-Democracy Activists Sentenced For 2019 Protests

April 18, 2021
0

  Hong Kong (17/4).       Nine veteran activists and lawmakers in Hong Kong have been sentenced to prison terms...

Read more

NGOs call for mass boycott of palm oil giant IOI

June 29, 2016
No peace for Greenpeace

No peace for Greenpeace

July 1, 2016

The Case Against Greenpeace

July 1, 2016
Children in ISIS Nusantara Media Outreach

Children in ISIS Nusantara Media Outreach

July 2, 2016
  • About Us
  • Creative Commons
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Contact Us

Topics

Follow Us

About Us

citizendaily.news is part of the citizen Daily Media Group LLC, which delivers daily news around the globe. ​

© 2012 The Citizen Daily

No Result
View All Result
  • Asia News
    • Northeast Asia
      • China
      • Japan
    • North Korea
    • Oceania
      • Australia
      • New Zealand
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Southeast Asia
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
  • World News
    • Africa
    • Europe
      • Germany
      • United Kingdom
    • Latin America
      • Cuba
      • Mexico
    • Middle East
      • Gulf States
      • Iran
      • Iraq
      • Saudi Arabia
      • Syria
    • North America
      • Canada
      • United States
    • Russian Federation
  • Economy
    • Brexit
    • Free Market
  • Politics
    • ASEAN
    • Diplomacy
    • ISIS
    • National Defence & Security
  • Editorial
  • Environment
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Lifestyle
    • Books & Literature
    • Entertainment
    • Food & Dining
    • Religion
    • Travel
    • Tech
  • Sports

© 2012 The Citizen Daily