Prabowo's Commitment to Papua's Share in Freeport

Background on Freeport's Operations in Papua

PT Freeport Indonesia, a subsidiary of Freeport-McMoRan, has been operating in Papua for decades. The company's mining activities have been a significant source of revenue for the region. In 2018, the Indonesian government acquired a 10% stake in Freeport, with the remaining shares held by Freeport-McMoRan and other investors.

President Prabowo's Assurance on Share Distribution

In a recent address to local leaders in Papua, President Prabowo Subianto assured that the region would receive 10% of Freeport's shares. This commitment is part of the government's efforts to increase local ownership and control over the company's operations. The President instructed the local leaders to discuss the distribution of these shares, particularly in light of the planned additional 12% stake purchase.

Facilitation by Ministers

Velix Wanggai, Chairman of the Special Autonomy Acceleration Committee for Papua, stated that the discussion on share distribution would be facilitated by the Ministers of Home Affairs and Energy. This ensures that the process will be conducted in a transparent and fair manner, taking into account the interests of all stakeholders involved.

Implications for Papua's Economy

The allocation of 10% of Freeport's shares to Papua is expected to have a positive impact on the region's economy. The increased local ownership and control over the company's operations will provide greater benefits to the local community, including revenue generation and job creation. Furthermore, this move demonstrates the government's commitment to supporting the development of Papua and promoting the welfare of its people.