Kartini L Makmur, Yanuar Pribadhie
Richard C. Adkerson, the top executive of Freeport McMoran Copper & Gold Inc, visited the Ministry of Energy and Mineral Resources (ESDM) last Thursday. During the one-and-a-half hour meeting, Mr. Adkerson, along with Rozik B Soetjipto, President Director of PT Freeport Indonesia, discussed the Government’s recent mineral ban export policy.
After the meeting no official statement was made to journalists by the Freeport representatives. However, Jero Wacik, the Minister of ESDM, explained that the Freeport visit was about the implementation of the Mining Law and the reasons why the export duties set by the regulation are somewhat high, ranging from 20 to 60 percent depending on the concentrate level of an export product.
“Freeport understood the idea behind the mineral ban policy, which is to increase the value-added to minerals and job creation. The more the number of citizens grows, the more we need job creation. Building a smelter may answer this need,” said Jero.
Prior to the meeting with the ESDM Ministry, Richard also met with the Minister of Industry, MS Hidayat, the Minister of Finance Chatib Basri, and the Coordinating Minister for Economic Affairs, Hatta Radjasa.
During the meeting with the Minister of Finance, Mr. Adkerson delivered his objection to the high export duties imposed on processed but not yet purified minerals. The applicable export duties are now regulated the Minister of Finance Regulation No. 6/PMK.011/2014.
Under that regulation, export duties will be gradually increased on a semester basis starting at 20 to 25 percent and up to 60 by 31 December 2016.
(hot/kc)
Kartini L Makmur, Yanuar Pribadhie
Richard C. Adkerson, the top executive of Freeport McMoran Copper & Gold Inc, visited the Ministry of Energy and Mineral Resources (ESDM) last Thursday. During the one-and-a-half hour meeting, Mr. Adkerson, along with Rozik B Soetjipto, President Director of PT Freeport Indonesia, discussed the Government’s recent mineral ban export policy.
After the meeting no official statement was made to journalists by the Freeport representatives. However, Jero Wacik, the Minister of ESDM, explained that the Freeport visit was about the implementation of the Mining Law and the reasons why the export duties set by the regulation are somewhat high, ranging from 20 to 60 percent depending on the concentrate level of an export product.
“Freeport understood the idea behind the mineral ban policy, which is to increase the value-added to minerals and job creation. The more the number of citizens grows, the more we need job creation. Building a smelter may answer this need,” said Jero.
Prior to the meeting with the ESDM Ministry, Richard also met with the Minister of Industry, MS Hidayat, the Minister of Finance Chatib Basri, and the Coordinating Minister for Economic Affairs, Hatta Radjasa.
During the meeting with the Minister of Finance, Mr. Adkerson delivered his objection to the high export duties imposed on processed but not yet purified minerals. The applicable export duties are now regulated the Minister of Finance Regulation No. 6/PMK.011/2014.
Under that regulation, export duties will be gradually increased on a semester basis starting at 20 to 25 percent and up to 60 by 31 December 2016.
(hot/kc)