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Freeport Needs Certainty of Operation Up to 2041



    The majority ownership of PT Inalum (Persero) on shares in PT Freeport Indonesia has not yet given certainty of operation. The mining company from the United States wants to continue the Grasberg mine operation in Papua until 2041. The continuation of mining operations following the end of the contract in 2021 becomes part of the negotiations between the government and Freeport in preparing the attachment of a special mining business license (IUPK).

Freeport Indonesia the World Biggest Gold Mine

    Freeport Indonesia spokesman Riza Pratama said the continuity of operations until 2041 was discussed in the negotiation process. He called the negotiations not only related to the extension of operations but also related to mine control.

"Still (want certainty) because Freeport wants to take control of operations and governance including financials," Riza said in Jakarta.

    Actually in August 2017 last year has been agreed in general related to the extension of the operation. The agreement is that Freeport is given a chance to operate until 2041. It's just that the extension of the operation is gradually given 2x10 years. The extension is due to expiration of the contract in 2021. Then the extension is not automatic but must go through the submission process and there are a number of requirements that must be met.

    However Riza is reluctant to disclose further whether the operational certainty and the division of control between Freeport-Inalum are contained in the IUPK details or there is a separate agreement, since the IUPK regime is prevailing or in accordance with the prevailing regulations. When referring to prevailing then the extension of the operation is given gradually.

"Still in the process of negotiation," he said.

    Separately, Head of Corporate Communications Inalum Rendi A Witular said that his party only negotiated the divestment points of 51% of Freeport shares. But he acknowledged Inalum was involved in the talks of operatorship positions at the Grasberg mine.

    He denies any agreement that Freeport will act as an operator. It's just that Rendy has not been able to reveal more about it. Operational certainty until 2041 is needed by Freeport. This is because Freeport mining activities have expanded to underground (underground). In addition Freeport is also obliged to build a smelter in the country. Negotiations with the government have been ongoing since February 2017.

IN INDONESIA

Freeport Butuh Kepastian Operasi Hingga 2041


Kepemilikan mayoritas PT Inalum (Persero) terhadap saham di PT Freeport Indonesia belum memberi kepastian operasi. Perusahaan tambang dari Amerika Serikat itu tetap menginginkan kelangsungan operasi tambang Grasberg di Papua hingga 2041. Kelanjutan operasi tambang pasca berakhirnya kontrak di 2021 menjadi bagian dari negosiasi antara pemerintah dengan Freeport dalam menyusun lampiran izin usaha pertambangan khusus (IUPK).

    Juru bicara Freeport Indonesia Riza Pratama mengatakan, keberlangsungan operasi hingga 2041 dibicarakan dalam proses negosiasi. Dia menyebut negosiasi tidak hanya terkait perpanjangan operasi tapi juga terkait kendali tambang.

“Masih (menginginkan kepastian) karena Freeport ingin memegang kendali operasi dan governance termasuk di dalamnya keuangan," kata Riza di Jakarta.

    Sebenarnya pada Agustus 2017 tahun lalu sudah disepakati secara umum terkait perpanjangan operasi tersebut. Kesepakatannya itu yakni Freeport diberi kesempatan beroperasi sampai 2041. Hanya saja perpanjangan operasi diberikan bertahap 2x10 tahun. Perpanjangan itu terhitung mulai berakhirnya kontrak pada 2021. Kemudian perpanjangan itu tidak bersifat otomatis melainkan harus melalui proses pengajuan dan ada sejumlah persyaratan yang harus dipenuhi.

    Namun Riza enggan membeberkan lebih lanjut apakah kepastian operasi serta pembagian kendali antara Freeport-Inalum tertuang dalam detil IUPK atau ada perjanjian terpisah, mengingat rezim IUPK bersifat prevailing atau sesuai dengan ketentuan yang berlaku. Bila merujuk pada prevailing maka perpanjangan operasi diberikan bertahap.

“Masih dalam proses negosiasi,” ujarnya.

    Secara terpisah, Head of Corporate Communication Inalum Rendi A Witular menuturkan, pihaknya hanya melakukan negosiasi terkait poin divestasi 51% saham Freeport. Namun dia mengakui Inalum terlibat dalam pembicaraan posisi operatorship di tambang Grasberg.

    Dia menyangkal sudah ada kesepakatan bahwa Freeport yang akan bertindak sebagai operator. Hanya saja Rendy belum bisa membeberkan lebih lanjut mengenai hal tersebut. Kepastian operasi hingga 2041 memang dibutuhkan Freeport. Hal ini mengingat kegiatan tambang Freeport sudah ekspansi hingga bawah tanah (underground).  Selain itu Freeport pun berkewajiban membangun smelter di dalam negeri. Negosiasi dengan pemerintah sudah berlangsung sejak Februari 2017 lalu.

Investor Daily, Page-9, Monday, Apr 9, 2018

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