Economy & debt

Strikes and book launch keep Freeport-Rio Tinto in the news

Down to Earth No. 73, May 2007

The giant copper and gold mine operated in West Papua by US-based mining company Freeport McMoran with substantial investment from the British multinational Rio Tinto has been under scrutiny once again.

The Freeport-Rio Tinto mine has been the subject of protests at local and national level in recent months. At the local level, thousands of Papuan workers at the mine went on strike for four days. Facing hundreds of military and police, they successfully demonstrated against discriminatory employment practices.

In brief... DTE 72 - March 2007

Down to Earth No. 72 March 2007

CGI creditor group disbanded

Indonesia's creditor group, the Consultative Group on Indonesia, has been disbanded after President Susilo Bambang Yudhoyono said it was no longer needed. The January announcement was officially welcomed the World Bank, former CGI chair and one of Indonesia's three main creditors alongside the Asian Development Bank and Japan.

Tangguh project Update 2005

Down to Earth No 65 May 2005

Status of the project

The 'final investment decision' to proceed with Tangguh came on March 7th, after many delays. The construction phase of the US$5 billion project is now expected to start in late 2005. Tangguh will be operational in 2008, with two full gas production units or 'trains' (Reuters7/Mar/05, TIAP 2004).

Indonesia's 'odious' arms debt to the UK

Down to Earth No 64 2005

Indonesia owes around US$1.76 billion to the British government. While it is true that this represents just a small fraction of the overall external debt of US$132 billion, it is still a significant sum, far outstripping, for example, the $96 million that the UK government has pledged to the tsunami aid effort.

Most of Indonesia's debt to the UK (US$1.408bn) is in the form of export credit facilities, owed to Britain's Export Credit Guarantee Department (ECGD). The ECGD underwrites Indonesian contracts with private UK companies.

In brief... DTE 62 - August 2004

Down to Earth No 62 August 2004

Community holds Newmont to account
Villagers from Buyat Bay, North Sulawesi have lodged complaints with the police over the devastating health impacts of Newmont Minahasa Raya's gold mine. At least 30 people are believed to have died as a result of the heavy metal pollution caused by the mine, which dumps tailings on the sea-bed.

In brief... DTE 60 - February 2004

Fatal chemical explosion, East Java

WALHI East Java has called for a halt to production and an investigation into PT Petrowidada following an explosion at the company's chemical plant on January 20 which resulted in two dead, 50 others severely injured, and dozens evacuated from the surrounding area. A joint investigation by WALHI East Java and other local groups has documented several past explosions.

All-out campaign to stop mining in protected forests

Down to Earth No 58 August 2003

Indonesia is being pushed by powerful mining multinationals to open up protected forests for mining, but the international campaign to prevent yet more forest destruction is gaining momentum.

A final decision on whether or not companies can mine in Indonesia's protected forests - putting at risk some of the most biodiverse ecosystems in the world - is expected to be issued by Indonesia's parliament soon.

An Indonesian NGO coalition, led by mining advocacy network, JATAM, is campaigning to ma

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