Timika, 3/4 (Jubi) – PT Freeport Indonesia is ready to resume operations following efforts by the Papuan Brotherhood to resolve the impasse with the government over the controversial export tax, the Brotherhood chairman said.

Silas Natkime, chairman of Papuan Brotherhood said the government will not impose 25 percent taxes and Freeport will not resort to mass lay-offs. He said his organization has discussed thee matter with President Susilo Bambang Yudhoyono, legislators from Commission VII on Mining and the Ministry of Mineral Resources in Jakarta as well as with representatives from PT Freeport McMoran Gold and Cooper Inc. Ltd in the United States.

“Let’s be grateful for this result,”  Natkime said in TImika on Thursday (3/4).
He said the Papuan Brotherhood had persuaded PT FI to return to their normal operations since October 2013.

As previously reported revenue received by the Government of Indonesia from 1992 to 2013 in accordance with the Contract of Work between PT FI and the GoI were 15.2 billion USD.

The Vice President of Corporate Communications, Daisy Primayanti said the payment of dividends by PT Freeport Indonesia was determined by the Board of Directors of Freeport and approved by the Board of Commissioners and Shareholders based on the company’s financial performance and cash availability. In this case, the Ministry of Mineral Resources represented the Government of Indonesia. (Jubi/ Eveerth/rom)

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