Be Wary of Freeport Negotiations

Kompas/Handining

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The government claims to have successfully secured Freeport\'s agreement on four crucial issues during their contract renegotiations at the end of August. The agreement includes: (1) willingness to divest up to 51 percent  shares; (2) building a smelter for completion by 2022; (3) following the fiscal regime according to the prevailing scheme; (4) an extension on the Freeport contract until 2041.

However, is the government worthy of patting itself on the back, and can the Indonesian people rejoice in their "success"? Let\'s see.