Papua Province Receives 10 Percent of PT Freeport Dividend

By : Herry Barus And Aldo Bella Putra | Saturday, January 13 2018 - 21:00 IWST

Tambang Freeport (dok Freeport-Mcmooran)
Tambang Freeport (dok Freeport-Mcmooran)

INDUSTRY.co.id - Jayapura - Mimika Regent Eltinus Omaleng said Papua Province also received dividends in addition to a 10 percent stake in PT Freeport Indonesia.

In addition to the shares of Papua Province and Mimika Regency will receive a dividend divided every year from the gold tembang company by 6 percent from 10 percent, he said in a press release to media crew in Jayapura on Saturday (13/1/2017).

According to Eltinus, the actual annual dividends received from Freeport are 10 percent. However, it is divided by 4 percent for the central government, while 6 percent for Papua province.

Of the 6 percent, it is subdivided 1 percent for the province, 2.5 percent for 27 districts, and the remainder for Mimika Regency.

He also explained that 10 percent of the shares now controlled by Papua, 3 percent will be managed by the provincial government, while the remaining 7 percent is managed by Mimika Regency, 3 percent of which will be divided into 27 districts.

Another 3 percent, he said, will be handed over to the community owners of ulayat rights, while the remaining 1 percent becomes a fixed share.

He explained that the remaining 1 percent, it does not want to take all. The point is, do not stock up on Freeport.

A total of 10 percent of shares to be given to Papua, managed jointly with Regional Owned Enterprises (BUMD) which will be formed together with the provincial government.

Thus, it will be arranged in such a way that all parties who later sit as directors or other on the BUMD is really competent and able to carry out the big task of managing the mining proceeds.

Furthermore, it is used as much as possible for the welfare of society above this country.

News Comment

Today's Industry

The President Director of PT Trimegah Sekuritas Indonesia Tbk (TRIM), Philmon Tanuri (left) delivered remarks at the kick off of Trimegah's collaboration with IA SBM-ITB in Jakarta on Wednesday (05/06/2024).

Jumat, 07 Juni 2024 - 19:43 WIB

Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong Learning Mission

In order to realise its mission of “Educate and create wealth for community through unique and professional investment experience”, PT Trimegah Sekuritas Indonesia Tbk (TRIM) collaborates…

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…