The Jakarta Post-July 16

The ministers of Energy and Mineral Resources, State-Owned Enterprises and Finance held another big-bang news conference on Thursday to announce the conclusion of a heads of agreement (HA) for the government’s acquisition of the controlling ownership of PT Freeport Indonesia (FI).

The media blitz was similar to that of August last year, when the government announced an initial agreement to acquire 51 percent of FI, a subsidiary of Freeport-McMoran (FCX), which has owned and operated the world’s largest gold and copper mine in Grasberg, Papua, since 1972.

Read more at: http://www.thejakartapost.com/academia/2018/07/16/the-tough-deal-with-freeport.html

First published in: The Jakarta Post