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Government and Freeport finish brawl on divestment and smelter: Jonan

Jakarta (ANTARA News) – Energy and Mineral Resources Minister Ignasius Jonan pronounced a supervision and PT Freeport Indonesia have resolved talks on divestment and smelter issues.

“As for a divestment and smelter problem an agreement has in element been reached. There is usually taxation emanate left to be discussed,” a apportion pronounced after assembly President Joko Widodo here on Monday.

The supervision has demanded a auxiliary of a US mining hulk Freeport McMoran Inc. to deprive a infancy share to a supervision and build a smelter for a copper combine in sell for a prolongation of a operation license.

Jonan pronounced Freeport, that operates a worlds largest bullion cave and third largest copper cave in Papua, had concluded to deprive 51 percent of a share, though a routine of divestment has nonetheless to be negotiated.

He pronounced there is final traffic on a taxation emanate this month “but it is some-more an area of a financial ministry.”

The supervision has been in brawl with Freeport over taxation regulation, royalty, 51 percent divestment interest and requirement to routine a copper combine into metal.(*)

Article source: http://www.antaranews.com/en/news/112329/government-and-freeport-end-dispute-on-divestment-and-smelter-jonan

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