JAKARTA - PT Freeport Indonesia (PT Freeport Indonesia) require an investment of up to U.S. $ 15 billion by the year 2041. The funds will be allocated to build the infrastructure supporting his operations in the mines.
"We're still more or less projections up to U.S. $ 15 billion. We still sit with the government to talk about it, "said President Director Armando Mahler Freeport after attending a hearing with Commission VII of DPR, the Parliament building in Senayan, Jakarta, Wednesday (05/26/2010).
Armando explained, the company has invested tens of trillions of rupiah, including for development of underground mines. Now until the year 2015, PT Freeport Indonesia was concentrating building the infrastructure for operating the Grasberg Block Cave and other underground mining activities are expected to start operations in 2016.
"Of course, infrastructure development and operation of underground mines in the future require a huge investment. Part of that investment has realiasasikan and we estimate we will exceed our current capital, "he explained.
From 2010 until 2041, an American mining company plans to continue investing in the expansion and development of underground mining operations in the future.
"If we do exploration in Block-A continue to be successful in finding additional reserves, we estimate that the mining operations could continue for years through our work contract," he explained.
Given the large value of the investment, the guarantee of legal certainty and seeks not only necessary Freeport, but also dubutuhkan by the parties that can provide funding for this investment.
If there is no such certainty, he added, it will get more difficult for Freeport and the other businessmen to increase investment in the necessary funding.
"Because of its importance, we expect that the government and PT Freeport Indonesia can together continue to respect and carry-kententuan provisions in the contract works until the year expires in 2014," he said. (*)
"We're still more or less projections up to U.S. $ 15 billion. We still sit with the government to talk about it, "said President Director Armando Mahler Freeport after attending a hearing with Commission VII of DPR, the Parliament building in Senayan, Jakarta, Wednesday (05/26/2010).
Armando explained, the company has invested tens of trillions of rupiah, including for development of underground mines. Now until the year 2015, PT Freeport Indonesia was concentrating building the infrastructure for operating the Grasberg Block Cave and other underground mining activities are expected to start operations in 2016.
"Of course, infrastructure development and operation of underground mines in the future require a huge investment. Part of that investment has realiasasikan and we estimate we will exceed our current capital, "he explained.
From 2010 until 2041, an American mining company plans to continue investing in the expansion and development of underground mining operations in the future.
"If we do exploration in Block-A continue to be successful in finding additional reserves, we estimate that the mining operations could continue for years through our work contract," he explained.
Given the large value of the investment, the guarantee of legal certainty and seeks not only necessary Freeport, but also dubutuhkan by the parties that can provide funding for this investment.
If there is no such certainty, he added, it will get more difficult for Freeport and the other businessmen to increase investment in the necessary funding.
"Because of its importance, we expect that the government and PT Freeport Indonesia can together continue to respect and carry-kententuan provisions in the contract works until the year expires in 2014," he said. (*)
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