Regarding Additional Shares For Indonesia, Freeport Boss Says There Is No Written Agreement
JAKARTA - President Director of PT Freeport Indonesia (PTFI) Tony Wenas revealed that the plan to increase Freeport's shares or divest shares for Indonesia by 12 percent has no written agreement.
Tony said the new deal was reached verbally and there was no black and white agreement yet.
"So in accordance with the discussions that have occurred with the government, there has been an understanding, I call it an understanding because nothing has been written," Tony said at the Revenue Budget Meeting (RDP) with Commission VI of the DPR RI, Monday, November 24.
Tony said the agreement was one of the requirements to extend the life of mine or Freeport in Indonesia.
Thus, the agreement reached means to provide certainty for PTFI to continue carrying out mining activities at Grasberg.
Nevertheless, he ensured, additional shares for Indonesia were only given after 2041, but the certainty has been agreed since now.
Tony further said that after this agreement was reached, PTFI could immediately explore to prevent backup shrinkage after exploration was carried out.
"But it was promised from now on so that it will also give us time to do more detailed exploration, there is certainty so that we can spend detailed exploration and this requires a lot of money," he said.
He explained that exploration activities cost a lot of money and a long period of time. The detailed exploration activity takes 34 years.
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Kemudian dilanjutkan dengan design engineering yang membutuhkan waktu selama 3 tahun–4 tahun, dan disusul feasibility study selama 3–4 tahun.
PTFI, kata dia, juga akan melakukan pembangunan jaringan terowongan tambang menuju potensi cadangan baru sehingga dibutuhkan kesepakatan dengan pemerintah.
"Kira-kira memang lebih cepat lebih bagus sehingga supaya tidak terjadi depleting atau pengurangan produksi mendekati tahun 2041 sesuai IUPK kita sekarang," jelas Tony.
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Then proceed with design engineering which takes 3 years 4 years, and followed by a feasibility study for 3-4 years.
PTFI, he said, will also build a mining tunnel network towards new potential reserves so that an agreement is needed with the government.
"It's about faster and better so that there won't be a delay or production reduction near 2041 according to our current IUPK," explained Tony.