Jakarta, August 4, 2011, PT Freeport Indonesia (Freeport Indonesia) hereby announces that during the months April to June 2011, Freeport Indonesia has made payment obligations to the Government of Indonesia for 692 million U.S. dollars, or about Rp 5.9 trillion at current exchange rates , which consists of the Corporate Income Tax amounting to 594 million U.S. dollars, Income Tax Employees, Local Tax and other taxes amounting to 48 million U.S. dollars, and a royalty of 50 million U.S. dollars.
With this second quarter payment, total payment obligation to the Government of Indonesia Freeport Indonesia during the first semester of 2011 of 1.4 billion U.S. dollars, or around Rp 11.7 trillion at current exchange rates.
The value fluctuates according to the quarterly payment of commodity prices, sales and production levels.
Total financial liabilities in accordance with the provisions referring to the Contract of Work in 1991 that Freeport Indonesia has paid to the Government of Indonesia from 1992 to June 2011 amounted to 12.8 billion U.S. dollars. This amount consists of the Corporate Income Tax payments of 7.9 billion U.S. dollars, Income Tax Employees, Local Tax and other taxes amounting to 2.4 billion U.S. dollars, 1.3 billion U.S. dollars royalties and dividends amounting to 1.2 billion U.S. dollars.
Freeport Indonesia also contributed indirectly to investment in infrastructure in Indonesia, including Papua, such as cities, power plant installations, airports and harbors, roads, bridges, sewage disposal facilities, and modern communication systems. Social infrastructure provided by the company include schools, dormitories, hospitals and clinics, places of worship, recreational facilities and the development of small and medium enterprises. Freeport Indonesia has made investments worth about 7.2 billion U.S. dollars in various projects.
Based on studies conducted by the Economic and Social Research Faculty of Economics, University of Indonesia (LPEM-UI) in 2010, Freeport Indonesia contributed to the Gross Regional Domestic Product (GDP) reached 96% of Mimika Regency, Papua Province, while to GDP reached 68%. Freeport Indonesia Contribution to Gross Domestic Product (GDP) of Indonesia reached 1.59%.
Until the year 2010, the total number of employees Freeport Indonesia and its contractor companies totaled more than 22,000 people, 30% of whom were native Papuan employees and only employs less than 2% of foreign workers. To increase skilled manpower from Papua, Freeport Indonesia in 2003 founded the Institute of Mining Nemangkawi (IPN) as a center for training skilled manpower which to date has graduated more than 1,500 student internships to work at Freeport Indonesia and its contractors.
Freeport Indonesia is always trying to run mining operations in ways that promote a positive and open relationships with communities, governments and other stakeholders to support sustainable benefits. Throughout the year 2010, Freeport Indonesia has invested more than 155 million U.S. dollars in various programs of sustainable development in Papua; 72.9 million U.S. dollars used for environmental management, while 112.6 million U.S. dollars earmarked for social development programs in which 69.7 million dollars The U.S. earmarked for community development programs through funding partnerships.
No comments:
Post a Comment