Business

After Freeport, Vale (INCO) is Willing to Divest Shares to the Indonesian Government

PT Vale Indonesia stated that it was willing to offer a share divestment to the government in accordance with the PT Vale Contract Amendment Agreement and applicable laws and regulations. “In essence, we are ready, but there are indeed stages that must be passed,” said PT Vale’s Senior Communication Manager Suparam Bayu Aji in Surabaya, East Java, Saturday (01/05/2019). The current development regarding the divestment, PT Vale has submitted a

Jonan: Freeport Contract is Different from Oil and Gas Company Contracts

Mining Industry Holding PT Inalum (Persero) has been legally the majority owner of PT Freeport Indonesia (PTFI). But there are still many outstanding allegations if the company can be owned free of charge as happened to oil and gas companies. Is that so? Inalum on Friday (21/12) increased its ownership in PTFI from 9.36% to 51% by paying US $ 3.85 billion or Rp. 55 trillion and controlling the company

Indonesia Will Take Steps To Fight Australian Media Defamation West Papuan Problem

The Indonesian Ministry of Foreign Affairs will take the necessary steps against the Australian media The Saturday Paper which is considered to have made irresponsible and misleading reports about Nduga, West Papua. The statement was conveyed through the Indonesian Ministry of Foreign Affairs’ official Twitter account accessed in Jakarta on Sunday, which also contained a rebuttal to the Australian print and online media “The Saturday Paper” which accused the Indonesian