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FREEPORT-McMoRan is no longer the majority shareholder of Freeport Indonesia. Since December 2018. the Indonesian government has control over 51.2 percent of the company’s shares. Freeport-McMoran got Rp55.8 trillion for the divestment and left behind a pile of wastes that injures the Papua sea, rivers, and sago fields. The damage is estimated at Rp185 trillion. The remaining gold processing tailing had destroyed locals’ livelihood—isolating four districts. This report is based on a a five-month investigation by Tempo and Tabloid Jubi Papua.
THE Rp55.8 trillion price tag for 51.2 percent of Freeport Indonesia stock purchased by the Indonesian government is nothing compared to the environmental damage which has resulted from gold mining tailings which have polluted rivers, damaged sago fi elds, and isolated the local Papuans.
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