Freeport's workers at mining site in Timika -

Tens of trillions to get 20 percent of Freeport shares


Freeport’s workers at mining site in Timika –

Jayapura, Jubi – The Papua government needs at least tens of trillions, if it really wants to control 20 percent of PT Freeport Indonesia shares.

Papua Regional Secretary, Hery Dosinaen, said the Provincial Government will still discuss further with the relevant parties regarding the amount of budget that needs to be prepared for Freeport shares.

“We have not discussed this seriously with all parties,” Hery told reporters, in Jayapura, Friday (September 15).

Nevertheless, he said, it should be emphasized that since 50 years this giant mining company have been operated on the land of Papua, wipe out mountains and taken away all the potential of mineral resources.


It is unfortunate, he said that the indigenous Papuan landowners of the land have not been really prosperous.

“This is the reason why we ask for 20 percent from 51 percent of Freeport’s share agreed to be given to the Government of Indonesia,” he said.

He said the Freeport’s 20 percent shareholding commitment would be a long-standing struggle for both Papuan and Mimika governments, given the heavy task of creating a regional tax-related regulation.

“The regulation is certainly an annex in the Government Regulation (PP),” Hery said.

Secretary of the Provincial Mineral Resources Energy Office, Frets Boray, said if the Papua provincial government gets 9.36 percent or 10 percent, then its value could reach tens of trilliun rupiah, because Freeport shares have entered the capital market, so it cannot be taken alone but must be purchased.

“The number was an estimation when the share conversion at that time would reach Rp 22-25 trillion, but this year it could exceed that figure,” Frets said. (*)

Source: Tabloidjubi

Editor: Zely Ariane

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