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Scheme To Prevent Selling Of Freeports Shares Ministry

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The government recently responded to papua Governor Lukas Enembes opposition to the assignment of PT Indocopper Investama (PTII) as the company that would accommodate 10 percent of gold and Copper miner PT Freeport Indonesias (PTFI) shares that had been allocated for Papua.

The State-Owned Enterprises Ministrys mining, strategic industries and media affairs undersecretary, Fajar Harry Sampurno, said on Monday that the decision to assign PTII to accommodate Papuas shares in PTFI was to prevent the possible sale of shares by certain parties.

Fajar referred to an example of a local administration in West Nusa Tenggara (NTB) that had lost 24 percent of its shares in PT Multi Daerah Bersaing (MDB), a joint venture company established to accommodate the shares during the divestment of gold and Copper mining company PT Newmont Nusa Tenggara.

MDB was a joint venture of Bakrie Group subsidiary Bumi Resources, the NTB administration and West Sumbawa and Sumbawa regencies.

A few years ago, MDB put 24 percent shares of Newmont into a mortgage so as to obtain a loan from the Singapore branch of Credit Suisse.

As a result, the regions were not able to obtain dividends from Newmonfs operation as the funds should be used for loan refinancing.

In January, the government agreed to give papua 10 percent of PTFIs shares, which will be divided into 3 and 7 percent owned by the papua provincial administration and Mimika regency, respectively.

PTII, a local subsidiary of American mining giant Freeport McMoRan (FCX), currently holds 9.36 percent of PTFIs shares.

State-owned mining holding company PT Indonesia Asahan Aluminium (Inalum) is set to acquire 100 percent of PTIIs shares for US$350 million.

Under the scheme, Inalum and the papua administration-owned company will own 60 percent and 40 percent of PTII, respectively. The 40 percent stake in PTII is equal to 10 percent of PTFIs shares.

After the divestment, Inalum, PTII and FCX will own 26.23, 25 and 48.76 percent, respectively, of PTFIs shares.

Therefore, after the deal is complete. Indonesias stakes in PTFI will be increased from 9.36 to 51.23 percent.

Responding to the situation with Papua, Inalum corporate communications head Rendi Witular said his firm deeply understood the aspirations conveyed by the papua governor.

"[...] and we will continue to work with the papua provincial administration and Mimika regency administration to find the best solution," he said in a press statement last week.

Furthermore, Rendi said the decision to use PTII was for the benefit of papua province as it would omit unnecessary legal and administrative hassles and reduce costs coming from new taxes.

"Holding 25 percent of PTII shares frees them from dividend taxes, which would be imposed on any entity that has fewer than 25 percent of shares," he said.

He said further that Inalum was waiting for the papua administration and Mimika regency administration to set up their local state-owned enterprise.

"We are hoping to have another meeting with the papua administration soon to discuss the issue." Rendi said.

Indonesia, through Inalum, is expected in December to become the majority owner of PTFI, the operator of the worlds second-biggest Copper mine, Grasberg, in Papua, by increasing its current shares from 9.36 to 51.23 percent. The deal would cost Inalum $3.85 billion.

Stefanno Reinard Sulaiman

 Source : TheJakartaPost, November 28, 2018

 

Scheme To Prevent Selling Of Freeports Shares Ministry

Surel Cetak PDF

The government recently responded to papua Governor Lukas Enembes opposition to the assignment of PT Indocopper Investama (PTII) as the company that would accommodate 10 percent of gold and Copper miner PT Freeport Indonesias (PTFI) shares that had been allocated for Papua.

The State-Owned Enterprises Ministrys mining, strategic industries and media affairs undersecretary, Fajar Harry Sampurno, said on Monday that the decision to assign PTII to accommodate Papuas shares in PTFI was to prevent the possible sale of shares by certain parties.

Fajar referred to an example of a local administration in West Nusa Tenggara (NTB) that had lost 24 percent of its shares in PT Multi Daerah Bersaing (MDB), a joint venture company established to accommodate the shares during the divestment of gold and Copper mining company PT Newmont Nusa Tenggara.

MDB was a joint venture of Bakrie Group subsidiary Bumi Resources, the NTB administration and West Sumbawa and Sumbawa regencies.

A few years ago, MDB put 24 percent shares of Newmont into a mortgage so as to obtain a loan from the Singapore branch of Credit Suisse.

As a result, the regions were not able to obtain dividends from Newmonfs operation as the funds should be used for loan refinancing.

In January, the government agreed to give papua 10 percent of PTFIs shares, which will be divided into 3 and 7 percent owned by the papua provincial administration and Mimika regency, respectively.

PTII, a local subsidiary of American mining giant Freeport McMoRan (FCX), currently holds 9.36 percent of PTFIs shares.

State-owned mining holding company PT Indonesia Asahan Aluminium (Inalum) is set to acquire 100 percent of PTIIs shares for US$350 million.

Under the scheme, Inalum and the papua administration-owned company will own 60 percent and 40 percent of PTII, respectively. The 40 percent stake in PTII is equal to 10 percent of PTFIs shares.

After the divestment, Inalum, PTII and FCX will own 26.23, 25 and 48.76 percent, respectively, of PTFIs shares.

Therefore, after the deal is complete. Indonesias stakes in PTFI will be increased from 9.36 to 51.23 percent.

Responding to the situation with Papua, Inalum corporate communications head Rendi Witular said his firm deeply understood the aspirations conveyed by the papua governor.

"[...] and we will continue to work with the papua provincial administration and Mimika regency administration to find the best solution," he said in a press statement last week.

Furthermore, Rendi said the decision to use PTII was for the benefit of papua province as it would omit unnecessary legal and administrative hassles and reduce costs coming from new taxes.

"Holding 25 percent of PTII shares frees them from dividend taxes, which would be imposed on any entity that has fewer than 25 percent of shares," he said.

He said further that Inalum was waiting for the papua administration and Mimika regency administration to set up their local state-owned enterprise.

"We are hoping to have another meeting with the papua administration soon to discuss the issue." Rendi said.

Indonesia, through Inalum, is expected in December to become the majority owner of PTFI, the operator of the worlds second-biggest Copper mine, Grasberg, in Papua, by increasing its current shares from 9.36 to 51.23 percent. The deal would cost Inalum $3.85 billion.

Stefanno Reinard Sulaiman

 Source : TheJakartaPost, November 28, 2018

 

PT Freeport Napas Hidup

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SILAS Natkime, merupakan salah satu tokoh masyarakat Papua yang selalu berupaya menyadarkan semua pihak di Papua, termasuk di Kabupaten Mimika akan pentingnya keberadaan PT Freeport Indonesia (PT FI) di tanah Amungsa ini. Tanpa kehadiran PT Freeport, perubahan di Papua secara umum, khususnya di Mimika dan sejumlah kabupaten di pegunungan tengah tidak terjadi signifikan seperti sekarang ini.

Karena itu, baik warga asli Papua dan warga daerah lain yang datang ke Papua untuk mencari hidup, semua harus menjaga PT Freeport agar beroperasi secara normal. Tidak boleh diantara kita yang bertindak merusak fasilitas PT Freeport yang dapat mengganggu operasional. Cari makanlah di daerah ini dengan cara-cara yang baik dan benar.

Seperti yang pernah diberitakan media massa, Silas berulang kali selalu mengingatkan bahwa PT Freeport menjadi salah satu napas bagi masyarakat Papua. Menghambat, mengganggu atau mematikan operasional PT Freeport sama saja dengan ini menyusahkan dan mamatikan masyarakat Papua.

"Sudah berulang kali saya katakan, tanpa PT Freeport tidak mungkin masyarakat Papua akan berubah, akan maju. Banyak warga dari luar Papua yang juga sudah menikmati hidup yang layak dari PT Freeport. Karena itu semua unsur pemerintahan yang ada di Mimika dan Papua, juga semua stakeholders dan semua warga harus bersama-sama menjaga PT Freeport," kata Silas.

"Saya selama ini berjuang agar ada kesatuan pemahaman antara perusahaan dan pemerintah dalam hal ini Bupati Mimika yang juga anak asli Amungme, juga DPRD agar sama-sama ikut mengatasi setiap masalah yang terjadi di PT Freeport, agar operasional berjalan lancar dan pendapatannya bisa tercapai sesuai target. Bila pendapatan PT Freeport baik, maka dampaknya bagi daerah serta masyarakat Papua dan Mimika juga baik," tambah Silas.

Silas menegaskan, semua pihak di Papua dan Mimika harus memiliki komitmen yang sama untuk menjaga PT Freeport. Tidak boleh terjadi ada orang atau pihak yang masa bodoh, hanya menonton dan mau enaknya saja. "Semua harus menjaga Freeport. Terlebih pejabat pemerintah di daerah ini harus menjaga Freeport. Jangan hanya mau menikmati hasil dari PT Freeport, tapi kalau ada masalah diam saja, masa bodoh saja. Atau lempar tanggung jawab ke pihak keamanan. Tidak bisa begitu. Itu pejabat macam apa?" kata Silas.

Menurut Silas, PT Freeport telah menghidupkan banyak orang. PT Freeport ini milik Indonesia, milik Papua dan milik Mimika, karena itu dalam kondisi seperti sekarang ini, semua harus aktif terlibat mengatasinya.

Tokoh masyarakat Papua asal Suku Amungme ini juga selalu tegas meminta agar Polri dan TNI di daerah ini menegakkan hukum. Siapa pun yang   tindakan kriminal harus ditangkap dan diproses secara hukum.

"Karena bila dibiarkan maka akan terjadi banyak masalah dan merugikan pihak lain," ujar Silas. (Yulius Lopo)

http://www.salampapua.com/2018/03/pt-freeport-napas-hidup-seluruh.html

Sumber : SALAM PAPUA, 27 Maret 2018

 

PT Freeport Napas Hidup

Surel Cetak PDF

SILAS Natkime, merupakan salah satu tokoh masyarakat Papua yang selalu berupaya menyadarkan semua pihak di Papua, termasuk di Kabupaten Mimika akan pentingnya keberadaan PT Freeport Indonesia (PT FI) di tanah Amungsa ini. Tanpa kehadiran PT Freeport, perubahan di Papua secara umum, khususnya di Mimika dan sejumlah kabupaten di pegunungan tengah tidak terjadi signifikan seperti sekarang ini.

Karena itu, baik warga asli Papua dan warga daerah lain yang datang ke Papua untuk mencari hidup, semua harus menjaga PT Freeport agar beroperasi secara normal. Tidak boleh diantara kita yang bertindak merusak fasilitas PT Freeport yang dapat mengganggu operasional. Cari makanlah di daerah ini dengan cara-cara yang baik dan benar.

Seperti yang pernah diberitakan media massa, Silas berulang kali selalu mengingatkan bahwa PT Freeport menjadi salah satu napas bagi masyarakat Papua. Menghambat, mengganggu atau mematikan operasional PT Freeport sama saja dengan ini menyusahkan dan mamatikan masyarakat Papua.

"Sudah berulang kali saya katakan, tanpa PT Freeport tidak mungkin masyarakat Papua akan berubah, akan maju. Banyak warga dari luar Papua yang juga sudah menikmati hidup yang layak dari PT Freeport. Karena itu semua unsur pemerintahan yang ada di Mimika dan Papua, juga semua stakeholders dan semua warga harus bersama-sama menjaga PT Freeport," kata Silas.

"Saya selama ini berjuang agar ada kesatuan pemahaman antara perusahaan dan pemerintah dalam hal ini Bupati Mimika yang juga anak asli Amungme, juga DPRD agar sama-sama ikut mengatasi setiap masalah yang terjadi di PT Freeport, agar operasional berjalan lancar dan pendapatannya bisa tercapai sesuai target. Bila pendapatan PT Freeport baik, maka dampaknya bagi daerah serta masyarakat Papua dan Mimika juga baik," tambah Silas.

Silas menegaskan, semua pihak di Papua dan Mimika harus memiliki komitmen yang sama untuk menjaga PT Freeport. Tidak boleh terjadi ada orang atau pihak yang masa bodoh, hanya menonton dan mau enaknya saja. "Semua harus menjaga Freeport. Terlebih pejabat pemerintah di daerah ini harus menjaga Freeport. Jangan hanya mau menikmati hasil dari PT Freeport, tapi kalau ada masalah diam saja, masa bodoh saja. Atau lempar tanggung jawab ke pihak keamanan. Tidak bisa begitu. Itu pejabat macam apa?" kata Silas.

Menurut Silas, PT Freeport telah menghidupkan banyak orang. PT Freeport ini milik Indonesia, milik Papua dan milik Mimika, karena itu dalam kondisi seperti sekarang ini, semua harus aktif terlibat mengatasinya.

Tokoh masyarakat Papua asal Suku Amungme ini juga selalu tegas meminta agar Polri dan TNI di daerah ini menegakkan hukum. Siapa pun yang   tindakan kriminal harus ditangkap dan diproses secara hukum.

"Karena bila dibiarkan maka akan terjadi banyak masalah dan merugikan pihak lain," ujar Silas. (Yulius Lopo)

http://www.salampapua.com/2018/03/pt-freeport-napas-hidup-seluruh.html

Sumber : SALAM PAPUA, 27 Maret 2018

 
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