INDONESIA-LOOKING AT FREEPORT DEAL THROUGH DISTORTED LENS OF POLITICS
Freeport employee in Papua province,
By Vincent Lingga
The Jakarta Post-Dec 27
President Joko “Jokowi” Widodo deserves the highest praise for his appropriate pursuit of resource nationalism. Last Friday, the government finally closed its deal with United States mining giant Freeport-McMoRan (FCX) on acquiring majority shares in its subsidiary Freeport Indonesia’s (FI) Grasberg copper and gold mine in Papua for US$3.85 billion — less than four months before the presidential and legislative elections in April 2019. Still, it is mind-boggling to hear the perpetual criticisms analysts and the campaign team of presidential challenger Prabowo Subianto have lashed out at the successful FI divestment.
First published in: The Jakarta Post