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

Indonesian Ambassador to the United Nations Darmansjah Djumala receives award from the IAEA and the FAO in Vienna, Austria, Monday (20/9). (Photo: PR of BRIN)

Rabu, 22 September 2021 - 19:30 WIB

Indonesia Wins Award on Food Plant Breeding from FAO, IAEA

Indonesia has received an outstanding achievement award from the Food and Agriculture Organization (FAO) and the International Atomic Energy Agency or IAEA.

Deputy Cabinet Secretariat for Administrative Affairs Farid Utomo on the event, Tuesday (21/09). (Photo by: PR/Oji)

Rabu, 22 September 2021 - 19:00 WIB

PANRB Ministry Holds Bureaucratic Reforms, Performance Accountability System Evaluation at Cabinet Secretariat

Ministry of State Apparatus Empowerment and Bureaucratic Reform (PANRB) conducted the 2021 Evaluation of Performance Accountability System of Government Institutions (SAKIP) and Bureaucratic…

Photo caption: Foreign Minister Retno Marsudi attends the 65th International Atomic Energy Agency (IAEA) through video conference, Monday (20/9). (Photo by: Ministry of Foreign Affairs PR)

Rabu, 22 September 2021 - 18:00 WIB

Indonesia Calls for Nuclear Energy Use for Peaceful Purposes

During General Conference of the 65th International Atomic Energy Agency (IAEA) held on Monday (20/09), Indonesian Minister of Foreign Affairs Retno LP Marsudi called for the use of nuclear…

President Jokowi inaugurates Hot Strip Mill Factory #2 owned by state-owned steelmaker PT Krakatau Steel in Cilegon city, Banten province (21/09/2021). (Photo by: Presidential Secretariat’s Press, Media, and Information Bureau/Laily Rachev)

Rabu, 22 September 2021 - 17:15 WIB

SOEs Must Continue to Transform Despite Pandemic, President Jokowi Says

The transformation of state-owned enterprises (SOEs) must continue despite COVID-19 pandemic, according to President Joko “Jokowi” Widodo.

President Jokowi inspects and inaugurates Hot Strip Mill #2 Factory owned by PT Krakatau Steel (Persero) Tbk, in Cilegon city, Banten province, Tuesday (21/09). (Photo by: BPMI/Laily Rachev)

Rabu, 22 September 2021 - 16:57 WIB

President Jokowi Inaugurates Latest Technology Steel Factory in Banten

In a series of his working visits to Banten province, President Joko “Jokowi” Widodo, on Tuesday (21/09), visited and inaugurated Hot Strip Mill #2 Factory owned by the largest steelmaker…