Freeport Smelter Open Partnership Options
10:32 AM
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PT Indonesia Asahan Aluminum (Inalum) began discussing the scenario for the construction of a PT Freeport Indonesia mineral processing and refining facility (smelter). Inalum opened a strategic partnership option for the construction of smelters, particularly in terms of funding.
The Director of Finance of the Republic of Indonesia, Orias Petrus Moedak, said that the majority of the financing of the smelter project will be borne by Freeport Indonesia. However, if Freeport is not able to, the financing of this project will be met from third party loans.
Orias Petrus Moedak
"The business name may be with partners, for example with partners, small project finance equity," he said to KONTAN.
lnalum, holding 51.23% shares in the mining company in Grasberg Papua, has no obligation to issue funding.
Underground Gold Mine - Grasberg Papua
"The one who financed the project was the project owner, not the shareholder," said Orias.
However Orias, who is also Deputy Managing Director of PT Freeport Indonesia, said that his party would discuss internally the smelter construction project with strategic partners. Even so, he stressed that the construction of a smelter could be completed in five years.
So far Freeport has not yet determined the location of the smelter. Previously, the company will build a smelter in Gresik East Java with a capacity of 2 million tons of concentrate with an investment of US $ 2.3 billion.
"But it depends (capacity). If partners participate, the capacity can be greater," said Orias.
The construction of a smelter is one of the consequences of the change in the Contract of Work (KK) to become a Special Mining Business License (IUPK). Freeport Indonesia is required to build a smelter facility within five years after the IUPK is issued or in 2023.
Riza Pratama
Freeport Indonesia Spokesman Riza Pratama said Freeport Indonesia had shown commitment to the construction of smelters by providing guarantees of development to the government. Freeport Indonesia has also carried out engineering design and prepared land as a location for smelters in the Gresik area, East Java.
IN INDONESIAN
Smelter Freeport Buka Opsi Kemitraan
PT Indonesia Asahan Aluminium (lnalum) mulai membahas skenario pembangunan fasilitas pengolahan dan pemurnian mineral (smelter) PT Freeport Indonesia. Inalum membuka opsi kemitraan strategis bagi pembangunan smelter, khususnya dari sisi pendanaan.
Direktur Keuangan lnalum, Orias Petrus Moedak mengatakan, mayoritas pembiayaan proyek smelter akan ditanggung oleh Freeport Indonesia. Namun, jika Freeport tidak sanggup, pembiayaan proyek ini akan dipenuhi dari pinjaman pihak ketiga.
"Namanya usaha boleh dengan mitra, kalau misalnya dengan mitra, project finance equity kecil," ungkap dia kepada KONTAN.
lnalum, pemegang 51,23% saham di perusahaan pertambangan di Grasberg Papua itu, tidak berkewajiban mengeluarkan pendanaan.
"Yang membiayai proyek itu adalah si pemilik proyek, bukan pemegang saham," ujar Orias.
Namun Orias yang juga menjabat Wakil Direktur Utama PT Freeport Indonesia menyatakan, pihaknya akan membahas kembali secara internal perihal proyek pembangunan smelter dengan mitra strategis. Meski begitu, dia menegaskan bahwa pembangunan smelter bisa rampung dalam lima tahun.
Sejauh ini Freeport belum menetapkan lokasi smelter. Sebelumnya, perusahaan ini akan membangun smelter di Gresik Jawa Timur berkapasitas 2 juta ton konsentrat dengan nilai investasi US$ 2,3 miliar.
"Tapi tergantung (kapasitasnya). Jika mitra ikut, kapasitasnya bisa lebih besar," tutur Orias.
Pembangunan smelter merupakan salah satu konsekuensi dari perubahan Kontrak Karya (KK) menjadi Izin Usaha Pertambangan Khusus (IUPK). Freeport Indonesia wajib membangun fasilitas smelter dalam jangka waktu lima tahun setelah IUPK dikeluarkan atau tahun 2023.
Juru Bicara Freeport Indonesia Riza Pratama mengatakan Freeport Indonesia sudah menunjukkan komitmen terhadap pembangunan smelter dengan memberikan jaminan pembangunan kepada pemerintah. Freeport Indonesia juga sudah melakukan engineering design dan mempersiapkan lahan sebagai lokasi smelter di wilayah Gresik, Jawa Timur.
Kontan, Page-14, Thursday, Jan 3, 2019
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