The willingness of Freeport-McMoRan Copper & Gold Inc. to relinquish 51 percent of the shares in PT Freeport Indonesia to the Indonesian government should not fill us with unbounded joy.

There is still much work to do: from negotiating a price, finding the funds and deciding on the tax regulations to preventing rent-seekers from joining the divestment scheme. If it is not managed carefully, instead of bringing benefits to the people, the divestm