Freeport Rejects Govt Criteria
JAKARTA KOMPAS PT Freeport Indonesia has said it cannot accept the criteria proposed by the government and would continue to stick to its existing Contract of Work CoW Settling the dispute through international arbitration would be an option if there was no solution from either side
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Freeport-McMoran Inc. president and CEO Richard C Adkerson greets subsidiary Freeport Indonesia’s former president director Chappy Hakim (left) after a press conference at the Fairmont Hotel in Senayan, Jakarta, on Monday (20/2). Freeport has said that it refuses to comply with the government’s requirement to change its operational status from a Contract of Work to a special mining license (IUPK) in order to be able to export ore concentrate.
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