{"id":4666,"date":"2014-06-16T15:14:51","date_gmt":"2014-06-16T15:14:51","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=4666"},"modified":"2014-06-16T22:52:08","modified_gmt":"2014-06-16T22:52:08","slug":"for-both-indonesia-and-freeport-its-about-time-to-face-the-facts","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=4666","title":{"rendered":"For both Indonesia and Freeport, it\u2019s about time to face the facts"},"content":{"rendered":"

By Johannes Nugroho<\/strong>
\nJakarta Globe<\/em><\/p>\n

\"indo160\"Perhaps unbeknown to many, the chief executives of both Freeport McMoRan Copper & Gold and Newmont Mining have been jetting in and out of Jakarta recently to conduct high-level talks with the new coordinating minister for the economy, Chairul Tanjung. While the local media speculates on whether Richard Adkerson, CEO of Freeport, has been lobbying the minister to have its contract renewed beyond 2021, the talks primarily dealt with the resumption of Indonesia\u2019s exports of copper concentrates, which stalled after the new mining regulation came into effect in January.<\/p>\n

The new regulation, which requires foreign mining companies to build smelters, is part of the government\u2019s patriotic push to maximize revenues from the mining sector. The nationalistic bend is likely to be picked up by the new government after the July presidential election as both candidates for the country\u2019s top job seem eager to be seen as putting national interests above those of foreign companies.<\/p>\n

The biggest foreign stakeholder in Indonesia\u2019s mining sector is without a doubt Freeport Indonesia which is the operator of the world\u2019s largest gold mine and third largest copper mine at Grasberg in the province of Papua. The US company\u2019s 40-odd-year operation has indeed become a polemic among Indonesians, many of whom see the company as a symbol of foreign exploitation of the country\u2019s natural resources, leaving behind an environmental time bomb in its wake.<\/p>\n

Continue reading . . .<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Perhaps unbeknown to many, the chief executives of both Freeport McMoRan Copper & Gold and Newmont Mining have been jetting in and out of Jakarta recently …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[61],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4666"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4666"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4666\/revisions"}],"predecessor-version":[{"id":4675,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4666\/revisions\/4675"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}