The government responded by warning it could also take the

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Canada Goose Outlet JAKARTA (Reuters) Indonesia expects to strike an agreement this month to allow Freeport McMoRan Inc to keep operating its huge copper mine canada goose store in Papua in the coming decades, the country mining and energy minister said on Tuesday. Canada Goose Outlet

canada goose clearance sale Indonesia’s Energy and Mineral Resources Minister Ignasius Jonan smiles during an interview with Reuters at his office in Jakarta, Indonesia August 22, 2017. mining giant has been locked in a lengthy Canada Goose Outlet dispute with the government over the rights to mine at Grasberg, the world second biggest copper mine, costing both sides hundreds of millions of dollars. canada goose clearance sale

canadian goose jacket expect to have a conclusion this month, Minister for Energy and Mineral Resources canada goose Ignasius Jonan said in an interview with Reuters, when asked about the status of the negotiations. canadian goose jacket

canada goose deals Last month, Freeport Chief Executive Richard Adkerson also said he was confident about reaching a deal on a special mining permit before October when the company temporary permit allowing copper exports is due to expire. canada goose deals

Jonan cheap canada goose uk said that once an agreement was finalised, Freeport would be allowed to apply for two 10 year canada goose uk black friday permit extensions to mine at Grasberg beyond 2021.

Canada Goose Jackets Revised rules in Indonesia require miners to divest a 51 percent stake, canada goose uk shop relinquish arbitration rights and pay new taxes and royalties. Freeport insists on getting the same fiscal and legal protection as in its current contract. Canada Goose Jackets

canada goose coats on sale Asked if Freeport had accepted the 51 percent divestment, Jonan said: if canada goose clearance they don they can go. We don negotiate that. canada goose coats on sale

canada goose black friday sale Relations between the sides hit a low Canada Goose Coats On Sale earlier this year when Freeport said canadian goose jacket talks were at an and warned it could take the dispute to arbitration and seek damages. The government responded by warning it could also take the matter to uk canada goose court. canada goose black friday sale

cheap Canada Goose Jonan said while there was scope to buy canada goose jacket cheap negotiate on issues such as royalties and tax as well as contributions to the Papuan government, stipulations such as the amount of the divestment and a requirement to canada goose clearance sale build a second smelter were sacrosanct. cheap Canada Goose

will listen. We will accommodate as much as we Canada Goose online can, but we cannot accommodate something that is clearly written in the law, he said.

canada goose clearance Freeport Indonesia spokesman Riza Pratama said on Monday that negotiations with the government were ongoing, including on canada goose coats on sale the compulsory divestment of a majority stake. canada goose clearance

Canada Goose Parka four issues in the negotiations are one package deal. Divestment is one of the four issues, Pratama said. Canada Goose Parka

canada goose coats Fair valuation for the divestment, a sticking point in the past, canada goose black friday sale could be Canada Goose Jackets resolved by a listing on the Indonesia Stock Exchange, Freeport Adkerson said last month. Adkerson is personally involved in the negotiations. canada goose coats

canada goose store Jonan said a stock listing was an option Canada Goose sale and that a negotiating team for the divestment would be formed to execute this and financial advisers would likely be appointed. canada goose store

buy canada goose jacket cheap issue we now discuss is how to execute to give stability to the operations of Freeport, he said, adding that the negotiations could be a test case for canada goose factory sale other companies whose contracts of work were expiring. buy canada goose jacket cheap

canada goose On the issue of taxes and royalties, Jonan said he expected Freeport and the finance ministry cheap Canada Goose to hold joint talks before the end of August. canada goose

Canada Goose online Following restrictions related Canada Goose Online to the export permit dispute, Freeport Canada Goose Parka Indonesia, which employs more canada goose uk outlet than 32,000 staff and contractors, furloughed about 3,000 workers earlier buy canada goose jacket this year. This prompted a strike and high levels of absenteeism, as uk canada goose outlet well as a violent demonstration this weekend. Canada Goose online

Canada Goose sale Asked about whether he was concerned the unrest could escalate in Papua, he said: don think so. it an internal labour issue inside Freeport operations Canada Goose sale.

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