Cempaka Business and Economy: Mining Company Freeport Agrees to Cut Concession Area

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Thursday, January 03, 2013

Mining Company Freeport Agrees to Cut Concession Area

Jakarta Globe, ID/Retno Ayuningtyas, January 03, 2013

Related articles

Mining company Freeport Indonesia has agreed to trim its concession area in Timika, Papua, indicating that the government’s efforts to renegotiate mining contracts have started to bear fruit.

“There has been some progress with renegotiation, the concession area [of Freeport] will be cut,” Thamrin Sihite, the director for mineral resources and coal at the Energy and Mineral Resources Ministry, said last week.

Thamrin did not mention how much of Freeport’s concession area would be cut, however, according to the 2009 mining law, the maximum size of a concession area must be limited to just 25,000 hectares.

Currently the company controls 170,000 hectares in Timika where the world’s largest recoverable reserves of copper and the biggest gold mine in Indonesia, the Grasberg mine, is located.

Limiting the size of concession areas for miners is part of the renegotiation goals initiated by President Susilo Bambang Yudhoyono’s administration. The 2009 mining law also compels to government to seek more revenue, bigger royalty fees, order miners to establish ore processing facilities as well as divest stakes to local entities.

Miners under the “contract of work” or the previous mining contract are not affected by the law. Only miners under the new permit called the “mining business licenses” are affected.

Yudhoyono said in June last year that he has a “moral obligation” to seek changes in contracts, some of which were signed decades ago that he believed are “unfair.”

Led by Chief Economics Minister Hatta Rajasa the government has set up a team to renegotiate contracts with miners that hold contract of works, such as Freeport and Newmont Nusa Tenggara.

Thamrin said the government views royalties, concession areas and the length of contracts as related to each other and are all for a greater benefit of the state.

“For the government, the bigger the royalty, the better it is,” he said.

Freeport currently pays 1 percent in royalty on their gross gold sales, apart from a 35 percent corporate income tax, which is bigger than the common 25 percent tax charged for non-resource companies. The government is seeking to increase the royalty for gold to 3.75 percent.

Freeport Indonesia’s president director, Rozik B. Soetjipto, said his company is willing to renegotiate with the government.

The company has also sent responses toward the six clauses of contracts that will be reviewed.

“Internally, we already have our position, but we cannot reveal it yet,” he said.

Rozik believes the cut in concession areas will not impact on the company’s production.

He said Freeport Indonesia, which in the past relied on open-pit mining, for extracting copper ore, has begun underground mining construction as surface reserves have depleted.

The project will involve between $16 billion to $18.5 billion in investments. The underground mining is expected to start in 2017.

Cempaka Business and Economy

Pages

Thursday, January 03, 2013

Mining Company Freeport Agrees to Cut Concession Area

No comments:

The Jakarta Post: Review/Outlook 2010