Govt to Expedite Freeport Mining Contract Extension

President Joko “Jokowi” Widodo emphasized the government's priority to finalize negotiations for the extension of the Freeport contract over extending the relaxation of the copper concentrate export permit, set to expire in May 2024.

Akbar Evandio & Stepanus I Nyoman A. Wahyudi

29 Mar 2024 - 12.22
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Govt to Expedite Freeport Mining Contract Extension

Illustration - Freeport mining in Papua.

Bisnis, JAKARTA — The government is intensifying efforts to expedite the renewal of PT Freeport Indonesia's (PTFI) mining contract, set to expire in 2041. According to prevailing regulations, the extension of the US company's special mining business license (IUPK) can only be initiated as early as 2036.

Recently, the government has demonstrated considerable diligence in facilitating the acceleration of the extension of Freeport's mining permits. This includes expediting the revision of Government Regulation (GR) Number 96 of 2021 regarding the Implementation of Mineral and Coal Mining Business Activities.

President Joko “Jokowi” Widodo emphasized the government's priority to finalize negotiations for the extension of the Freeport contract over extending the relaxation of the copper concentrate export permit, set to expire in May 2024.

"We need to complete the negotiations first, then address the next task. This is unfinished," Jokowi informed reporters following his participation in the Indonesian Buddhist Student Association (HIKMAHBUDHI) Congress in Ancol, North Jakarta, on Thursday (28/3/2024).

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Govt to Expedite Freeport Mining Contract Extension

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