Mining permits should last until resources deplete: President Director, Freeport Indonesia
In a bold statement on October 8, 2024, Tony Wenas, President Director of PT Freeport Indonesia, one of the world's leading mining and ore processing companies, expressed his support for the potential removal of government regulations that currently restrict the duration of mining concessions.
Wenas highlighted that many countries do not impose time limits on mining operations, provided that concession holders adhere to responsible and sustainable mining practices.
This perspective underscores a growing recognition of the need for regulatory frameworks that foster long-term investments in the mining sector while ensuring environmental stewardship. Wenas's comments could pave the way for significant changes in Indonesia's mining policies, promoting a more flexible approach that aligns with international best practices and contributes to the global conversation on responsible mining.
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