On hindsight, Malaysian politicians cannot be trusted, including Mahathir and Muhyiddin. Najib got thrown out because the old interest group not receiving benefits.
Looks like the Malaysian side wanted to disband the the joint venture company. Without it Singapore cannot trust a project manage from Malaysia side only. Siphoning money from project is a norm in Malaysia.
Everybody does it. You think India, Israel, US don't have their own cyberarmies? Usually when US points to someone, they do it bigger than everyone else just like spying like how Snowden reveal.
I'm saying that the machinery cost of Freeport is a way for the US to earn a bigger share of the cut. Another way of transferring wealth are like interest loans and bonds. Indonesia will be always be the junior partner in crime. Otherwise, US will just have to cut a deal with the local Papuan...
You cannot claim Indonesia received most of the profit based on 51% either and you are forgetting the cost of Machinery is a profit for the US companies. Its silly a for a heavily connected US government company to allow this to happen. Indonesia does not want to draw the CIA. Just imagine...
Its a horrible celebration. It only commemorate the genocide of natives american. Stupid naive Chinese will only celebrate it.
https://blog.nativehope.org/what-does-thanksgiving-mean-to-native-americans...
Not true, that are ways to distribute profit unevenly even you have 51%. Preferred Shares, Bonds, etc. Also notice those huge mega sizes trucks, i reckon i could run that mine leaner with less cost and employ more Indonesian. With those "overpriced" machine you can transfer some of the profits...
PnG is useless because of foreign intervention into their ineffectual government. Australia has been blocking investment into the country and their resources can't compare to Papua. Papua has the largest gold/copper mine in the world, PnG is no leader in anything. And its mining operation is...
Its call breadcrumbs. For a state rich with resources and low population, their GDP per capita would be among the highest like Brunei or Australia. Indonesia would not dare touch Freeport, and let the western corporation rip a huge chunk of the profit. Its modern day imperialism, but a necessary...
Malaysia is no stranger to this, Sabah and Sarawak is rich with resources, but at least they are stupider than West Papua. The reason PnG rural development is poor is because Australian meddling. If they allow to clear the jungle for agriculture, no doubt they can build such facilities. But too...
Indonesian only care about their gold mine more than Papuan people. Indonesia hypocrisy is cringy. If I'm west Papuan, i do rather independent than getting rip off.
https://en.wikipedia.org/wiki/Grasberg_mine