Regarding Freeport's Plan To Sue, Airlangga: We'll See

Coordinating Minister for Economic Affairs Airlangga Hartarto opened his voice regarding PT Freeport Indonesia (PTFI)'s plan to sue the Indonesian government.

This lawsuit follows the determination of the metal mineral export export export duty policy as stated in the Minister of Finance Regulation (PMK) No. 71/2023 concerning the Determination of Export Goods Subjected to Exit Fees and Exit Fees.

Airlangga emphasized that the newly issued policy was in accordance with the current situation and was wise.

"Regarding Freeport's lawsuit, the name of this government policy is wise. If we look at the lawsuit," Airlangga told the media, Monday, August 7.

Airlangga was also reluctant to comment further on the lawsuit.

"There is no comment about the lawsuit," concluded Airlangga.

Previously, Quoted from Reuters, in a filing document at the US Securities Exchange Commission (SEC), Freeport McMoRan (FCX) stated that Freepot Indonesia had been granted an export permit on July 24, 2023 to export 1.7 million metric tons of copper concentrate.

Freeport also said that the export obligations that had been carried out so far referred to the licensing of Special Mining Business Permits (IUPK) agreed to PMK No. 164 of 2018 which stated that there was no obligation or imposition of duties if the development of the smelter project had reached 50 percent.

Meanwhile, in the new regulations, the government will continue to impose mandatory exit duties with a tariff of 5 to 10 percent.