Freeport Indonesia plans to ask for a contract extension until 2041. Since the previous contract was started in 1991 will expire in 2021, Freeport has the right to obtain 2 additional contract extension of 10 years each until 2041. Before the contract expires, Freeport Indonesia wants to extend the contract because they know the exact amount of gold there. Freeport Indonesia has also just invested 125 million USD (approximately Rp 1.1 trillion) for exploration activities conducted in locations far from their current mining area, which include Puncak Sukarno. Surprisingly, the exploration result is very promising. They found gold deposit far greater than what they have initially expected. Therefore, they definitely do not want to lose this very lucrative opportunity to seize it. indoboom/2012/stories/hillary-clinton-visits-demanding-gold-mining-contract-renewal.html
Posted on: Sat, 24 Aug 2013 20:09:10 +0000
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