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UNIVERSITAS HASANUDDIN

Freeport CEO, Richard C. Adkerson, Delivers Scientific Oration at Hasanuddin University

Richard C. Adkerson (Chairman of the Board and Chief Executive Officer of Freeport-MCMoRan) greeted the academic community of Hasanuddin University in the implementation of the Scientific Oration event “Economic Transformation through Hirilization with Local Wisdom” conducted together with the Ministry of Investment/Investment Coordinating Board (BKPM).

The activity took place at 09.00 Wita at the Grand Ballrom Unhas Hotel and Convention Center, Unhas Talanrea Campus and was broadcast live via the Ministry of Investment-BKPM YouTube channel on Friday (7/10).

Richard C. Adkerson, in his presentation, said that Freeport has a long history in Indonesia. In general, he explained four points of agreement between the government and PT Freeport Indonesia (PTFI), namely the completion of divestment; extension of mining rights; construction of a new smelter; and guarantees of legal and fiscal capacity.

He explained that 51% of PT Freeport Indonesia (PTFI) shares are owned by Indonesia with the extension of PTFI operations in the form of a Special Mining Business License (IUPK). It has an extension of mining rights in the change of mining business form, an extension until 2031, and an extension until 2041 when PTFI fulfills its obligations and requirements.

In the construction of a new smelter, the company is ready to continue construction by building a copper refining facility that produces copper cathode and a precious metal refining facility that produces gold, silver, and precious metals. This facility will be built in the Gresik district, East Java, with a construction design plan to be completed in five years.

Furthermore, Richard C. Adkerson stated PT Freeport Indonesia’s role in providing future social investment of $ 100 million per year until 2041, which is divided into the education, health, economy, infrastructure, stakeholder relations, culture, sports, and social sectors, as well as in various other sectors.

Richard C. Adkerson also expressed the pride and support that PT Freeport provides to local communities by channeling partnership funds to local Papuan communities through ownership of potential ore resources to be developed to ensure sustainable development. The company contributes positively by supporting health programs and improving education for the welfare of the community.

After the presentation of the scientific oration by Richard C. Adkerson (Chairman of the Board and Chief Executive Officer of Freeport-MCMoRan), the event was followed by a scientific oration by the Minister of Investment and Head of the Investment Coordinating Board (BKPM), Bahlil Lahadalia. The event went well under the guidance of Veronica Moniaga as the moderator.

Kumara Tungga Dewa, S.S.

Editor: Supratman

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This post is also available in: Indonesia (Indonesian) English

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