Deposit Freeport to Indonesian Government sales drop, what reason?

Headline - Throughout 2012, an American mining company, Freeport Indonesia, has paid taxes and royalties to the government for U.S. $ 955.6 million (Rp9, 08 trillion, with the exchange rate Rp9.500). Deposit it dropped 60.2 percent compared to 2011, which reached U.S. $ 2.4 billion.


"The decline in Freeport significant direct contribution in 2012 due to non-payment of dividends in 2012," said Head of Corporate Communications Freeport Indonesia, Daisy Primayanti, to VIVAnews, Tuesday, February 5, 2013.

In addition, during 2012, Freeport Indonesia mining activities in the area of ​​the open pit (open pit) with a low mineral content. Plus the employees strike in late 2011 and early 2012 to the cause of decline in the production of copper and gold.

Freeport Indonesia optimistic to increase production in 2013, due to mine in areas with higher levels. He hopes in 2013 Freeport management relationship with the workers getting better and harmonious.

"In the end the performance of the company is expected to return back to pay dividends based on the current price projections," he said.

As is known, the total direct payments that have been made throughout 2012 Freeport consists of corporate income tax of U.S. $ 674.4 million, other taxes U.S. $ 205.2 million and U.S. $ 76 million in royalties. (Read more: Who is the Biggest Tax and Royalties Connoisseurs Freeport?).

Freeport Indonesia expects to sell 1.1 billion pounds of copper and 1.2 million ounces of gold in 2013. (Read more: Freeport Papua Top Biggest Gold Sales Master).

Sources: http://bisnis.news.viva.co.id/news/read/387962