Indonesia must re-negociate the mining agreements
— yulyanto • August 19th, 2007
Government of Indonesia must be taking an action to get the maximal profit refer to mining agreement with investor from overseas. Currently, mining investor get more profit than government of Indonesia refer to mining exploitation in here.
Mining investor was realize that they have been exploring resources from our country, and so it should be agree and follow our regulation. In the fact, the investor try to make domination they mining agreement for our government.
Joseph E. Stiglitz, winner of economic noble, said that Indonesia must be revision they agreements for mining investor to get the maximal profit. For example, Rusia was prohibit Shell to exploitation they mining activities in there because of environment regulation in Rusia.
Poor country of America Latin, Bolivia has succes to negociate and revision the mining agreements with their foreign investor. Firstly, goverment of Bolivia just receive the profit about 18 percent and foreign investor 82 percent, but with negociation, finally, they get the maximal profit till 82 percent and only 18 percent for foreign investor.
To get the maximal profit, Indonesia must be re-negociate and revision the mining agreements. For example, Indonesia can start the negociation with one of big our mining investor like Freeport Mc Moran as the parent company PT Freeport Indonesia who exploitation activities in Papua. If not, Indonesia must be ready and will be losely party forever.
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