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Law and Economics

Universitas Indonesia

2019

Freeport

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Divestasi Pt. Freeport Indonesia, Erni Yoesr Yoesry Mar 2019

Divestasi Pt. Freeport Indonesia, Erni Yoesr Yoesry

Jurnal Hukum & Pembangunan

Indonesia’s natural resources potential especially in mining sector make it becomes hunted by foreign investor, one of them is PT. Freeport Indonesia. Freeport operates in Indonesia under a Contract of Work (KK) which was signed in 1967. In this contract of work, all management and operational matters are handed over to miners. The state has no control over the operation of the company. The State would only receive royalties of the amount that has been determined in contract of work. Mining companies that want to export processed minerals (concentrates) ought to relinquish the status of contract of work into a …