Weekly Business

MINING
Freeport Smelter: A Piecemeal Solution for Papua

Energy and Mineral Resources Minister Sudirman Said's visit to Papua two weeks ago did not succeed in resolving all the complications surrounding Freeport Indonesia's planned smelter. At at press conference at Hotel Rimba, Mimika, Papua, however, Sudirman announced he had succeeded in harmonizing the positions of all three parties. Freeport has agreed to establish a smelter in Timika. The provincial government, meanwhile, has said it would provide the construction site, initial funding, and would identify investors.

February 24, 2015