Fri, 26 Jan 2007
From: Tempo Interactive
By Thursday, 25 January, 2007 | 15:23 WIB
TEMPO Interactive, Jakarta: The Department of Energy and Mineral Resources has asked that three gold and copper mining companies increase production.

The three companies are PT Freeport Indonesia, PT Inco and Newmont Batu Hijau.

According to Marpaung, Director of Mineral and Coal Exploitation Management at the Department of Energy, the request was based on the state budget working plan at the beginning of January.

“Gold, nickel, copper and coal prices are increasing,” he told Tempo yesterday (01/24).

Gold prices are between US$550 and US$600 per ounce, while copper prices are around US$3.1 per pound.

Marpaung has compared these to last year when copper prices averaged US$2.8 per pound and gold between US$425 and US$430 per ounce.

He went on to say that Freeport’s capacity is 300,000 tons of concentrate per day but it is currently only producing an average of 240,000 tons of concentrate per day.

“What is most important is that produces the maximum that it can, raising production up to 300,000 tons per day if it can,” said Marpaung.

He explained that Freeport was currently examining the request using by considering investing in equipment to double up production, as well as environmental and job safety factors.

“This request has been delivered to Freeport and the company has agreed to increase its production,” said Marpaung.

Spokesperson for Freeport Indonesia Mindo Pangaribuan told Tempo that Freeport has always attempted to improve its performance in terms of production.

He acknowledged of still being uninformed about the said request from the government.

“I cannot comment on matters that are still being discussed with the government,” said Mindo.

NIEKE INDRIETTA


Sat, 27 Jan 2007
From: JakChat
Comment by Polisi Tidur
Great, 240,000 tons of shit down the Ajkwa River each day not enough for them? Maybe if they expand production enough they'll fill the Arafura Sea and we can walk instead of flying to Oz. Have to work out what to do to stop all the Kamoro environmental refugees from coming over too though, hahaha...


Sat, 27 Jan 2007
From: JakChat
Comment by riccardo
Newmont, Did he say Newmont???

Goodness, gracious sakes alive, they've got some nerve. They toss the american director of Newmont in jail, then sue him all based on lies (by NGOs and Police and prosecutors and local 'scientists'), bribes (all of the above) and local politics.

Now this bureaucrat has the gall to tell them to increase production. Marpaung will be lucky if Newmont decides to even continue working at all in Indonesia. Newmont should tell them, okay you want more profits from those mines, tell the judges and prosecutors to quit playing games. Funny enough, the bogus local NGOs and bogus local scientists have completely backed away from their initial "findings" in the Buyat Bay fiasco, after learning that they'd have to testify and could be imprisoned if they committed perjury. AND YET the judges and prosecutors continue with the case as if nothing happened.

Indonesian justice should be spelled "Just Us" as in, if you're a foreigner with deep pockets we (Us) are going after the contents of those pockets.
There's much more on the Newmont case Here:
http://richardness.org/
http://theunspunblog.com/?s=Newmont
http://richardness.org/media/Pledoi-3_Complete_ENGLISH_Final.pdf


However, the local media have kept very quiet about the whole fiasco lately, mainly because they are just as complicit in allowing this thing to escalate to stupid proportions by influencing the jury of public opinion so wrongly. Now they don't want to lose face by saying "we were wrong all along..."


Sun, 28 Jan 2007
From: JakChat
Comment by Diyu
Out of Curiosity which Newmont mine are we referring to here, it isnt Minahasa by any chance Reason I ask is I worked to build that mine


Sun, 28 Jan 2007
From: JakChat
Comment by Diyu
just read the court records, Pity that area was a beautiful pristine place


Sun, 28 Jan 2007
From: JakChat
Comment by riccardo
I was referring to all of Newmont's operations in Indonesia, even tho' the minister is talking about Batu Hijau (on Sumbawa) and the court case is Minahasa (on Buyat Bay in N. Sulawesi). And the Bay is still beautiful, that is the whole point of the defense's argument.


Thu, 01 Feb 2007
From: JakChat
Comment by riccardo
AND Speaking of investors leaving, FDI has continued to plummet, down 33% for 2006! And every economist really thought the second half of 2006 was going to be a huge upward bounce.

To make matters even more deplorable and embarrassing, the already weak, amateurish Investment Coordinating Board's website -- http://www.bkpm.go.id -- has been down for the count for weeks! That would NOT inspire confidence if I were an investor, good gracious time to get some heads outta asses.



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