[nasional_list] [ppiindia] Mining Company Notes U.S. Review of Payments to Indonesian Military
- From: "Ambon" <sea@xxxxxxxxxx>
- To: <"Undisclosed-Recipient:;"@freelists.org>
- Date: Sun, 22 Jan 2006 10:15:07 +0100
** Forum Nasional Indonesia PPI India Mailing List **
** Untuk bergabung dg Milis Nasional kunjungi:
** Situs Milis: http://groups.yahoo.com/group/ppiindia/ **
** Beasiswa dalam negeri dan luar negeri S1 S2 S3 dan post-doctoral
scholarship, kunjungi
http://informasi-beasiswa.blogspot.com
**http://www.nytimes.com/2006/01/19/international/asia/19freeport.html?pagewanted=print
January 19, 2006
Mining Company Notes U.S. Review of Payments to Indonesian Military
By KATHARINE Q. SEELYE
Executives of Freeport-McMoRan Copper and Gold have acknowledged that the
mining company is under scrutiny by the federal government regarding payments
it made to the Indonesian military.
The information was made public on Tuesday during a conference call with
investors. In a subsequent filing with the Securities and Exchange Commission,
the company said that it had "received informal inquiries from governmental
agencies" in the United States related to its support of Indonesian security
institutions. The company also said it was "fully cooperating" with those
inquiries.
Freeport shares fell more than 2 percent, to $60.26, yesterday after news of
the inquiry, despite an announcement by the company, which is based in New
Orleans, that its fourth-quarter profits had more than doubled as gold prices
surged to $540 an ounce.
The disclosure by Freeport followed a report by The New York Times last month
that from 1998 through 2004, Freeport paid individual military and police
officers and military units nearly $20 million to secure its operations in the
Indonesian province of Papua, where it runs the world's largest gold mine.
In the past, Freeport has refused requests by the New York City Pension Fund, a
shareholder, to review its policy on paying the police and military. The fund
argues that the payments may violate the Foreign Corrupt Practices Act, which
forbids American companies to bribe foreign officials. Freeport says its
payments are within American and Indonesian laws.
In response to the article, Freeport posted on its Web site a letter sent to
editors at The Times saying the Dec. 27 article and a subsequent editorial
contained "disturbing and provocative misstatements" about its Papua operations
and that the article had "ignored the practicalities of conducting business in
a remote area."
Stanley S. Arkin, a lawyer for the company, declined to elaborate. In the
Indonesian capital, Jakarta, the vice chairman of Indonesia's anticorruption
commission said yesterday that if Freeport had made payments to individual
officers, "that's corruption."
Company documents obtained by The Times show that Freeport made monthly
payments to more than a score of individual officers from 1998 through 2004.
The company publicly reported paying military units in 2001 and 2002, but has
not acknowledged that the money went to individual officers over seven years.
The Indonesian anticorruption official, Erry Riyana Hardjapamekas, said that
his agency would support any American agency that started an investigation into
the payments.
Jane Perlez and Raymond Bonner contributed reporting from Jakarta,
Indonesia,for this article.
a..
[Non-text portions of this message have been removed]
***************************************************************************
Berdikusi dg Santun & Elegan, dg Semangat Persahabatan. Menuju Indonesia yg
Lebih Baik, in Commonality & Shared Destiny.
http://groups.yahoo.com/group/ppiindia
***************************************************************************
__________________________________________________________________________
Mohon Perhatian:
1. Harap tdk. memposting/reply yg menyinggung SARA (kecuali sbg otokritik)
2. Pesan yg akan direply harap dihapus, kecuali yg akan dikomentari.
3. Reading only, http://dear.to/ppi
4. Satu email perhari: ppiindia-digest@xxxxxxxxxxxxxxx
5. No-email/web only: ppiindia-nomail@xxxxxxxxxxxxxxx
6. kembali menerima email: ppiindia-normal@xxxxxxxxxxxxxxx
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/ppiindia/
<*> To unsubscribe from this group, send an email to:
ppiindia-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
** Forum Nasional Indonesia PPI India Mailing List **
** Untuk bergabung dg Milis Nasional kunjungi:
** Situs Milis: http://groups.yahoo.com/group/ppiindia/ **
** Beasiswa dalam negeri dan luar negeri S1 S2 S3 dan post-doctoral
scholarship, kunjungi
http://informasi-beasiswa.blogspot.com **
Other related posts:
- » [nasional_list] [ppiindia] Mining Company Notes U.S. Review of Payments to Indonesian Military
