February 20, 2017 / 7:46 AM / 5 months ago

Indonesia mining minister says govt also has right to bring Freeport to arbitration

1 Min Read

JAKARTA, Feb 20 (Reuters) - Indonesia's mining minister Ignasius Jonan on Monday said the government can also bring Freeport-McMoRan Inc to arbitration if both sides fail to reach an agreement over a mining contract.

Earlier on Monday, Freeport-McMoRan chief executive Richard Adkerson said the company may commence arbitration if it and the government cannot negotiate within 120 days a dispute over its mining contract in Indonesia.

"If there's no agreement, this can be brought to arbitration. Not only Freeport, the government also has a right to bring this to arbitration," Jonan told reporters. (Reporting by Wilda Asmarini; Writing by Gayatri Suroyo; Editing by Tom Hogue)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below