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Freeport Baru Bisa Revisi Kontrak di Tahun 2019

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Mengacu UU Minerba, ESDM pastikan PT Freeport Indonesia masih berstatus kontrak karya

Pratama Guitarra

JAKARTA. Kementerian Energi dan Sumber Daya mineral (ESDM) tidak akan memberikan izin perpanjangan masa kontrak bagi PT Freeport Indonesia dalam waktu dekat. Paling cepat, perusahaan itu baru bisa mengajukan permohonan perubahan skema kerja dari kontrak karya (KK) menjadi izin usaha Pertambangan (lUPK) pada tahun 2019.

Kementerian ESDM mengaku sudah menyampaikan keputusan itu dalam bentuk surat. "Surat sudah meluncur ke Freeport, meskipun secara jelas kita membutuhkan investasi Freeport tapi secara hukum perpanjangan kontrak belum bisa," tandas Direktur Jenderal mineral dan Batubara (Dirjen Minerba) Kementerian ESDM, Bambang Gatot Ariyono, Selasa (28/7).

Keputusan Kementerian ESDM itu mengacu pada Undang-Undang (UU) 4/2009 tentang mineral dan Batubara (UU Minerba). Beleid itu menyebutkan bahwa perpanjangan KK baru bisa dilakukan dalam dua tahun sebelum masa kontrak berakhir.

Dengan masa berlaku KK Freeport Indonesia akan habis di tahun 2021, perusahaan yang menginduk pada Freeport McMoran Inc di Amerika Serikat tersebut, baru bisa mengajukan perpanjangan kontrak kerja di tahun 2019 mendatang.

Peraturan turunan berupa Peraturan Pemerintah 77/2014 tentang Perubahan Ketiga Atas PP No 23 tahun 2010 tentang Pelaksanaan Kegiatan Usaha Pertambangan mineral dan Batubara, juga menegaskan hal serupa. "Kami mengacu pada PP 77 itu, itu juga harus diikuti," kata Bambang.

Asal tahu saja, status IUPK memungkinkan perusahaan tambang seperti Freeport Indonesia memperpanjang kegiatan eksplorasi selama 20 tahun. Jadi kalau masa kontrak perusahaan itu habis di 2021, status IUPK akan membikin mereka bisa memperpanjang kontrak hingga 2041. Masa kontrak yang lebih panjang itu menjadi jaminan kepastian investasi, yang mereka gelontoran di Indonesia.

Sementara bagi pemerintah, status IUPK menjadikan pemerintah lebih mudah mencabut izin Freeport Indonesia jika sewaktu-waktu perusahaan itu melanggar aturan.

Ini tidak bisa dilakukan pemerintah jika Freeport Indonesia menyandang status KK. Pasalnya status KK menjadikan kedudukan pemerintah dan Freeport setara.

Bikin aturan anyar

Pro dan kontra eksplorasi Freeport di tanah air memang masih terus bergulir. Namun pemerintah mengaku tidak memiliki keinginan untuk menghentikan operasi Pertambangan Freeport di Indonesia. Pasalnya, "Indonesia butuh investasi," terang Menteri ESDM Sudirman Said.

Karenanya, pemerintah mengkaji pembuatan beleid baru guna mengakomodasi percepatan perpanjangan kontrak Freeport. "Opsinya membuka perubahan percepatan kontrak karya," kata Kepala Pusat Komunikasi Kementerian ESDM Dadan Kusdiana.

Juru Bicara PT Freeport Indonesia Riza Pratama berharap pemerintah akan memperpanjang kontrak hingga 2041. "Ini terkait investasi tambang bawah tanah US$ 4 miliar yang telah ditanamkan serta rencana investasi lanjutan US$ 15 miliar dan investasi ekspansi smelter US$ 2,3 miliar," katanya kepada KONTAN, Selasa (28/7).

 Sumber : Kontan, 29 Juli 2015

Terakhir Diperbaharui ( Jumat, 31 Juli 2015 04:45 )

Freeport Worst Metal Stock As Rout Blunts RI Boon

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Danielle Bochove

BLOOMBERG/TORONTO. Freeport-McMoRan Inc. plunged for a fourth day. posting the biggest sell-off among major metal producers, as slumping commodity prices offset hopes that it may secure an agreement to extend a contract at its biggest mine.

Shares in the largest publicly traded Copper miner closed down 7.5 percent at US$11.37 in New York on volume of 64.6 million shares, more than four times the three-month average, while bond yields soared.

Freeport has lost about 25 percent since failing to offer investors a plan to withstand plunging prices when reporting quarterly results last week. That was the steepest drop among members of the BI Global Base Metals Competitive Peers Index.

Copper slid to the lowest level in six years as the biggest sell-off in Chinese equities since 2007 added to concern that the Economy will worsen.

A seventh straight day of Copper declines offset news Monday that Freeport’s six-month export contract with Indonesia is close to renewal, which fueled speculation more significant talks over the company’s long-term work status there could also be progressing well.

"Six months of export rights aren’t going to be enough, in and of itself, to move that stock," Daniel Rohr, an analyst with Morningstar Inc., said by telephone from Chicago.

"But to the extent it signals a willingness on the part of Jakarta to work pro-actively with Freeport in getting the longer term uncertainties squared away, then it’s certainly positive."

The Indonesian government said Monday that it would recommend Freeport be issued a six-month permit for 775,000 tons of Copper concentrate exports.

The previous six-month agreement was for 580,000 tons and was set to expire on July 25.

Chief Executive Officer Richard Adkerson told investors July 23 that "all options are on the table" in light of slumping commodity prices, without providing specific plans.

He spoke after the company reported a second-quarter net loss of $1.85 billion, compared with income of $482 million a year ago.

Freeport’s bonds due 2024 fell for a seventh day, pushing up yields to 7.7 percent from 6 percent on July 17.

The company’s bonds are now trading in line with junk bonds with a single-B rating, at least four levels lower than the company’s current investment-grade rating, according to Bank of America Merrill Lynch data.

 Source : The Jakarta Post, July 29, 2015

Terakhir Diperbaharui ( Jumat, 31 Juli 2015 04:42 )

Making Freeport Indonesia More Indonesian

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Revrisond Baswir

If we look deeper into the context of PT Freeport Indonesia’s contract amendment, it is related to the issuance of the 2009 mining Law. The law obliges mining companies to process their mining products in this country before exporting them, but Freeport had been in operation and was bound by a contract before the law was implemented.

Talks about adjusting Freeport’s contract to bring it in line with the law have been going on for a long time. The government said an amendment to the contract needed to be made and a deadline was set for Jan. 25 this year. However, due to the transfer of power in October 2014, when President Joko "Jokowi" Widodo took office, the deadline was extended for six months. So, on July 25, the amendment of the contract - not the extension of the contract of work (CoW) - should have been in place.

There were points discussed as preparations were made for the amendment. They included the construction of smelters, an increase in the government’s stake from 9 to 30 percent, the use of local products in Freeport’s operations in Indonesia and issues related to work safety.

Of those sticking points, the construction of smelters is the most crucial. Had the amendment been made, the smelters would have had to have been in place by July 25, or else no amendment could be made. In fact, even up to July 24, there was no clarity on the planned development of smelters in Gresik in East Java or in Papua.

Technically I do not know for sure what the challenges are that Freeport is facing in building the smelters. There seems to be a strong indication that Freeport does not want to amend the contract accordingly because it is already 2015 and the company’s CoW is due to expire in 2021 and any negotiations on a new contract can only begin in 2019 at the earliest The company does not want to make an investment simply for it to be forgotten.

There is a strong impression that Freeport wants to merge its obligation to abide by the law that requires an amendment to the contract with the deadline for renegotiating the CoW. The company wants to make sure that its investment (in building a smelter) will not come to an end in 2021 before it receives a return on the investment.

As far as I can read from the government’s point of view, there is a strong desire on the part of the government to make Freeport Indonesia more Indonesian. The aforementioned points, which were proposed by the government, indicate so. This does not necessarily mean nationalization, which is commonly marked by a takeover.

With regard to the smelter construction, for example, the government cannot just force Freeport to invest. As a business entity it has business calculations to consider with. With regard to the proposed increase in the government’s stake in the company, similarly, the government has to calculate where the money to buy the extra shares will come from and which government institution or state-owned company will conduct the purchase.

With regard to the use of domestic products in Freeport’s operations in Indonesia, the government has to be clear about which products and how to ensure the products meet Free-ports standards. Everything has to be carefully calculated so as not to create new conflicts in the future.

If making Freeport Indonesia more Indonesian is really the target of the Jokowi administration and Freeport trusts the government that its investment will not be terminated and the CoW will be extended, I see no problem. Although the smelters have not yet been constructed, Freeport has allocated US$115 million for the smelters to show its good faith.

When talking about Freeport the key is the CoW. The questions will be what is in the contract and who drafts it As far as we know, the extension of the contract in the past was problematic. It was signed without involving the public. As a result, we know only a little about it, no transfer of technology was stipulated, the Papuan people suffered, etc. What is happening now I think is the new government is trying to make amends for the past mistakes.

To be fair, however, few can deny that Indonesia depends on the extractive Economy. We live by exploiting natural resources. Our problem with the extractive Economy is that almost all the products we extract are for export, while for domestic needs we rely heavily on foreign loans, which must be paid using foreign reserves.

This is a matter of sustainability. If Freeport stops production, the company will not be the only party to suffer losses. Indonesia will also lose one of its income sources. As a consequence, we may not be able to pay our debts; the rupiah will depreciate and so on.

Forcing foreign companies to build smelters and use domestic products in their operations is fine, but it has to be supported by monetary policy in particular. Otherwise, we will be trapped in the so-called backwash effect, in which the money distributed to regions will be reallocated to Jakarta thanks to the centralized monetary system.

In the case of Freeport, if the government is really serious about distributing the cake of development to Papua, it has to oblige Freeport to have its headquarters in Papua rather than in Jakarta It also has to force the company to employ locals as it will automatically empower them. Locals will never be empowered unless they are trained.

The writer is a lecturer at Gadjah Mada University’s school of economics, Yogyakarta.

 Source : The Jakarta Post, July 28, 2015

Terakhir Diperbaharui ( Jumat, 31 Juli 2015 04:39 )

Freeport Peroleh Lagi Perpanjangan Izin Ekspor

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Rangga Prakoso

JAKARTA. Kementerian Energi dan Sumber Daya mineral (ESDM) akhirnya memberikan perpanjangan izin ekspor konsentrat Tembaga untuk ketigakalinya kepada PT Freeport Indonesia. Pemberian izin itu diberikan setelah Freeport memenuhi seluruh persyaratan yang diperlukan.

"Freeport sudah memenuhi persyaratan oleh karena itu kami besok (hari ini) akan terbitkan rekomendasi perpanjangan izin ekspor untuk 6 bulan ke depan. Kuota ekspornya 775.000 ton," kata Direktur Jenderal mineral dan Batubara Kementerian ESDM Bambang Gatot di Jakarta, Senin (27/7).

Bambang menuturkan pihaknya sudah melakukan evaluasi terhadap kemajuan pembangunan fasilitas pengolahan dan pemurnian mineral (smelter) Freeport di Gresik, Jawa Timur. Pasalnya kemajuan smelter selama 6 bulan terakhir menjadi persyaratan utama guna mendapatkan perpanjangan izin ekspor. "Rekomendasi SPE (surat persetujuan ekspor) akan dikirim ke Kementerian Perdagangan untuk ditindaklanjuti," jelasnya Izin ekspor Freeport sebelumnya sudah berakhir pada 25 Juli lalu. Lantaran belum memenuhi persyaratan maka Kementerian ESDM tidak menerbitkan perpanjangan izin ekspor.

Bambang memaparkan, kuota ekspor mencapai 775.000 ton konsentrat Tembaga. Kuota itu diberikan untuk periode enam bulan kedepan. Besaran kuota ini meningkat dibandingkan kuota yang diberikan pada semester kemarin.

Berdasarkan catatan Investor Daily, izin ekspor pertama Freeport diberikan untuk periode 25 Juli 2014 - 26 Januari 2015 dengan kuota ekspor sebesar 756.000 ton konsentrat Tembaga. Izin ekspor kedua diberikan pada 26 Januari 2015 - 25 Juli 2015 dengan kuota ekspor sebesar 580.000 ton konsentrat.

Sementara itu Executive President Public Affair Freeport Indonesia Clementio Lamury menjelaskan kegiatan ekspor dijadwalkan berlangsung pada akhir pekan ini. Dengan begitu perpanjangan izin ekspor yang baru diperoleh tidak akan mengganggu kegiatan ekspor. "Kuota enam bulan lalu belum sepenuhnya terealisasi," ujarnya.

Pengurangan Bea Keluar

Freeport Indonesia mendapatkan pengurangan bea keluar ekspor konsentrat sebesar 5% menyusul tercapainya kemajuan pembangunan smelter mencapai sekitar 11%. Saat ini perusahaan tambang asal Amerika Serikat itu membayar bea keluar sebesar 7,5%. Bambang mengatakan hasil evaluasi kemajuan smelter secara keseluruhan mencapai 11%.

Adapun kemajuan pembangunan itu antara lain pembayaran sewa lahan smelter seluas 80 hektare sebesar US$ 150 juta selama 20 tahun. Namun Bambang bilang pembayaran sewa itu baru sebagian dilakukan. Selain itu Dalam enam bulan terakhir, Freeport telah menyelesaikan early work dan memulai basic engineering sebesar US$ 9 juta serta memulai persiapan perizinan analisis dampak lingkungan (Amdal) konstruksi smelter senilai US$ 1,5 juta. "Jadi secara keseluruhan kemajuan smelter sudah 11%. Otomatis bea keluar bisa turun," ujarnya.

Ketentuan bea keluar ini mengacu pada Peraturan Menteri Keuangan NO.153/PMK.011/2014 tentang Penetapan barang ekspor yang dikenakan bea keluar dan tarif bea keluar. Dalam PMK 153 itu memuat ketentuan apabila kemajuan pembangunan atau serapan dana investasi smelter antara 0-7,5% maka membayar bea keluar yang dibayarkan sebesar 7,5%. Apabila realisasi progres smelter antara 7,5-30% maka membayar bea keluar 5%. Sedangkan progres pembangunan lebih dari 30% maka bea keluar yang dibayar 0%.

Lebih lanjut Bambang menuturkan pihaknya akan menggelar pertemuan dengan Freeport Indonesia guna membahas rencana kerja pembangunan smelter selama 6 bulan ke depan. Dia menyebut Freeport sudah menyampaikan rencana kerja tersebut. "Kami akan bahas yang lebih detail seperti apa. Supaya enam bulan ke depan lebih jelas," ujarnya.

Rencana kerja smelter 6 bulan ke depan merupakan persyaratan yang harus dipenuhi Freeport untuk mendapatkan perpanjangan izin ekspor konsentrat Ketentuan rencana kerja itu tercantum dalam pasal 13 ayat B Peraturan Menteri ESDM No. 11 Tahun 2014 tentang Tata Cara dan Persyaratan Pemberian Rekomendasi Pelaksanaan Penjualan mineral ke Luar Negeri Hasil Pengolahan dan Pemurnian. "Untuk rencana kerja enam bulan ke depan ini akan kami bahas khusus," tegas Bambang.

 Sumber : Investor Daily, 28 Juli 2015

Terakhir Diperbaharui ( Jumat, 31 Juli 2015 04:37 )