Showing posts with label Freeport. Show all posts
Showing posts with label Freeport. Show all posts

Wednesday, April 16, 2014

MoF call Freeport record profit last year

Ministry of Finance asked the Ministry of State Owned Enterprises ( SOEs ) Dahlan Iskan leaders to continue to collect dividends are not paid during the two years of PT Freeport . In fact , financial condition based mining company has recorded no loss .

" KemenBUMN should seek to charge more because there should be a return of capital by the government. Freeport fortunately my knowledge , " said Deputy Finance Minister , Bambang Brodjonegoro , through a text message to reporters , Jakarta , Wednesday ( 16/4 ) .
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In the statement of financial performance Freeport McMoran Copper & Gold ( FCX ) last year , recorded sales volume of gold and copper mine in Indonesia has increased . The increase was recorded at 6.2 percent , or to $ 4.34 billion over the same period the previous year ie EUR 4.09 billion .

Freeport recorded sales of copper rose to USD 2.9 billion from USD 2.56 billion in 2012 . Meanwhile , copper sales volumes also rose to 885 million pounds .

But it is Freeport's gold sales fell slightly last year despite rising sales volume . Last year the company grossed only U.S. $ 1.44 billion from the sale of 1.096 million ounces of gold .

Previously , Vice President of Corporate Communications Freeport Indonesia Primayanti Daisy , in a press release received merdeka.com , Saturday ( 28/3 ) , states do not pay dividends PT Freeport Indonesia to all shareholders , including to the parent company and the government of Indonesia , is caused by several factors . Among other things , copper and gold sales volumes decreased due to lower ore grades , mining operations disruption , decline in global commodity prices .

Then , the use of cash flow for an investment of approximately USD 1 billion to support the development of an underground mine in 2017 . 's Underground mine will become the foundation of Freeport mining activities .

" Underground mine project will cost a significant investment of about USD 15 billion over the remaining life of the mine . Besides cash flow is also used to maintain the sustainability of the current level of poduksi . "

Daisy explained , PTFI dividend payments based on the financial performance and cash availability . Amount is determined by the board of directors and approved by the board of commissioners and shareholders .

" In this case also the Government of the Republic of Indonesia , represented by the Ministry of Enterprise , " he said .

As for the company's financial condition is influenced by changes in global commodity prices , operating performance and interference mining operations . Then , the cash needs to run mining operations , the investment of resources to develop and ensure future production .

SOE Minister Dahlan Iskan call Freeport has not put up the last two years dividends . Every year , Freeport supposed to deposit dividend of Rp 1.5 trillion .

source:http://www.merdeka.com/