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Poorly understood Freeport mining deal prompts concern among Indonesian NGOs

( September 4, 2017, 09:59 GMT | Insight) -- Indonesian non-governmental organizations have voiced concerns over poorly understood details of a recent deal between the government and US-based miner Freeport-McMoRan, the Jakarta Globe reports.Indonesian non-governmental organizations have voiced concerns over poorly understood details of a recent deal between the government and US-based miner Freeport-McMoRan, the Jakarta Globe reports. NGO Publish What You Pay Indonesia Coordinator Maryati Abdullah highlighted a mechanism to determine the share price, divestment process and the timeline as critical points in the agreement. Separately, Center for Indonesia Taxation Analysis Executive Director Yustinus Prastowo focused on the need for clauses in the agreement that would ensure that the state collected more revenue than had been collected under the company's old contract of work. Those clauses should also provide an opportunity to renegotiate tax rates in conjuction with commodity prices, he added....

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