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If Not Offer Divestment, Freeport Default

Director of the Centre for Strategic Indonesian Resources Studies (Cirus), Budi Santoso assess second warning letter will be issued by the Ministry of Energy and Mineral Resources (ESDM) rightly be imposed against Freeport. The reason, according to KK Freeport, divestment provisions are not fixed (nail down), so it must follow the rules and regulations in force.

"Freeport can not escape from it. If it is not adhered to, then it could be a breach of contract and consideration (the government) not to renew the (operation) again," Budi said as quoted Cash, Sunday (01/10/2015).


The consequences were obtained after the second warning letter, the third warning and declared default. After that is the termination of the contract.According to him, if the government gives fair warning of up to three times. In addition, there must be those who are ready to buy shares divesting."Freeport could be avoided if the purchase baseball," he said.


Director General of Mineral and Coal Mining (Directorate General of Mineral and Coal) Ministry of Energy and Mineral Resources, Bambang Gatot Ariyono said that it had prepared a second warning letter and will be given to Freeport where until January 14, yet also offers divestment.


"Will we admonished (if not offered), yes will be given a second warning letter," he explained at the Office of the Director General of Mineral and Coal, Friday (08/01/2015). (Primary Guitarra)

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