Tuesday, June 13, 2017

1) Indonesia, Freeport still differ on IUPK scheme

 1) Indonesia, Freeport still differ on IUPK scheme   
2) Guatemala provides an example of community forest management for Indonesia

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1) Indonesia, Freeport still differ on IUPK scheme
Jakarta | Tue, June 13, 2017 | 06:55 am

The Energy and Mineral Resources Ministry’s secretary-general, Teguh Parmudji, said for example, that Freeport Indonesia, a subsidiary of the United States-based mining giant Freeport-McMoRan, had demanded a separate financial agreement.
“We have explained that under the IUPK scheme, it is unlikely,” Teguh said as reported by kontan.co.id on Monday in response to documents submitted by Freeport.
Teguh said last week that Freeport had submitted a document to be negotiated with the government, covering fiscal policy, the conversion from the CoW to IUPK and the divestment of the company’s stocks.
Under the document, the mining company also only agrees to 30 percent share divestment, instead of 51 percent, as demanded by the government.
“The divestment of 51 shares is a presidential order,” he stressed.
Teguh added that the government had offered Freeport an extension of its operational permit up to 2031 as long as the company agreed to the IUPK scheme, including the 51 percent stock divestment.
Freeport Indonesia spokesman Riza Pratama refused to comment on the government’s offer. “In the CoW, [the permit] could be extended for another 20 years,” he said. (mrc/bbn)
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2) Guatemala provides an example of community forest management for Indonesia
12 June 2017 / Carolina Gamazo
Adapted by Romina Castagnino

An Indonesian delegation traveled to the Maya Biosphere Reserve in Guatemala to learn about community-managed forest concessions. The Southeast Asian country is facing a new challenge: a presidential promise to grant 12.7 million hectares as community concessions by 2019..................



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