REPUBLIKA.CO.ID, JAKARTA -- The US-based mining company PT Freeport Indonesia has submitted documents, asking for the government to issue a regulation on investment stability.

"Freeport has submitted documents for us to be studied. First, on IUPK (special mining license), second on investment stability and third document is on government regulation," Teguh said here, Wednesday.

Teguh who is also chief of the government's negotiation team said, the three concepts from Freeport would be studied further.

The company has also agreed to build smelter by 2022.

"We did not discuss on when they would start the construction, but it will be finished in 2022. Whether they could export concentrate during the construction of the smelter, we are still discussing the issue. Next week we will start (the discussion) again," Teguh remarked.

He admitted that the Fiscal Policy Body of the Finance Ministry has prepared the regulation.

Also read: Negotiation with Freeport runs smooth as planned: Minister

"It would be applicable in general, to anticipate the change of Contract of work (KK) into special mining permit (IUPK). We made it (the regulation) for all, not only for Freport, to protect them all," he said.

Earlier last week, Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan said, negotiation between the Indonesian government and PT Freeport Indonesia has run as scheduled.

"Last night Mr. Jonan (Energy and Mineral Resources Minister) has reported (the negotiation process). Until now, there is no extraordinary issues appeared during the negotiation," Luhut said.

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