PT Freeport Closed Mine Next Year's

By : Herry Barus And Aldo Bella Putra | Tuesday, April 17 2018 - 23:43 IWST

PT Freeport Indonesia. (Dadang Tri/Bloomberg)
PT Freeport Indonesia. (Dadang Tri/Bloomberg)

INDUSTRY.co.id - Timika- PT Freeport Indonesia's management will close the operation of the open gold mine in Grasberg, Mimika Regency, Papua Province, so that the production of American mining company will be reduced drastically starting next year.

EVP Sustainable Development PT Freeport Indonesia, Sony Prasetyo, in Timika on Monday (16/4/2018) said Freeport production in 2019 will be reduced by 80 thousand tons per day from the previous could reach 200 thousand tons per day.

"This is a technical condition, the open pit at Grassberg is about to close, 2019 is expected to stop, now it can no longer be exploited, the only way we are exploit from below or under ground," said Sony.

Meanwhile, said Sony, underground exploitation is not ready because there is still to be resolved, including the mining permit.

Nevertheless, if the government gives permission for exploitation, underground mine, then it can not be up to 2021 or 2023.

"So this is a fair matter because it is related to the rules and clearly has an impact on production because the open mine is starting to decrease while the under ground is not yet maximal, therefore it takes time," he said.

Under these circumstances, Sony acknowledges that it will have an impact on several related issues such as revenues including partnership fund support to LPMAK.

"For that I remind LPMAK to be able to get ready starting in 2019 they have to efficiently use the existing funds Program do not be grandiose," he said.

In addition, when asked about the possible efficiency of employees, said Sony, it is not easy.

He admitted that he had not seen the possibility that it happened because employees for Freeport were a valuable asset.

"I have not seen that.For this company, an employee is a valuable asset so it will not be easy.That's fair in how efficiency is in business but then again what I say is that it will not be easy let alone layoffs.

To that end, he hopes that the government and the Freeport team of negotiations will not take too long to decide on a number of related issues because otherwise it should not affect employees, families and communities. (Ant)

News Comment

Today's Industry

Alvara Research

Sabtu, 26 November 2022 - 06:20 WIB

Turnover Rises High, Culinary MSMEs No Problem Paying OFD Platform Commissions

Online food delivery (OFD) services have accelerated the growth of food and beverage (F&B) MSMEs in Indonesia by 1.9 times faster compared to offline sales. OFD platforms enable MSMEs to have…

KB Bukopin Building. (Photo: Kompas.com)

Kamis, 24 November 2022 - 20:43 WIB

Shares Price Falling, Deficit IDR 6.99 Trillion, KB Bukopin Investors Not to Expect Dividends

The shareholders hope of issuers listed on the Indonesia Stock Exchange is of course to produce investment results in the form of capital gains and dividends obtained from the positive performance…

A Health exhibition of Banten Province on November 3-5, 2022 at ICE BSD, South Tangerang, Banten. (Photo: Banten Province PR)

Jumat, 18 November 2022 - 16:14 WIB

Premier Bintaro Hospital Assigned as Banten Medical Tourism Hospital

Banten Province hosted the 58th National Health Day by holding a health exhibition on November 3-5, 2022 at the Indonesia Convention Exhibition (ICE) BSD, South Tangerang, Banten.

GoTo is a blend of Gojek and Tokopedia. (Photo: republika.co.id)

Jumat, 18 November 2022 - 15:31 WIB

Employee Efficiency Considered Realistic for GOTO Growing Healthier

The dynamic and challenging economic situation has prompted many world-class companies to redesign their business strategies. Various ways are taken, such as efficiency and cost optimization,…

Rully Prayoga (dressed in white), the Campaign Manager of World Animal Protection (WAP) Indonesia, is giving a press statement. (Photo: Bang Abe)

Senin, 14 November 2022 - 00:00 WIB

Global Fast Food Restaurants in Indonesia Expected to Guarantee Product Quality

Once a friend opened a conversation by asking why the bodies of wild rats now are so big compared to before, they are not as big as now.