Students call for renegotiation of foreign mining contracts

Source
Tempo Interactive – April 2, 2008
Image
LMND protest against ExxonMobil (Tribune)
Caption
LMND protest against ExxonMobil (Tribune)
Body

Rofiuddin, Semarang – Dozens of students from the National Student League for Democracy (LMND) held a protest action in the Central Java provincial capital of Semarang today calling for the government to renegotiate its contract with Exxon Mobil. The protest on Jl. Pahlawan marched to the Central Java provincial government offices.

LMND Central Java regional chairperson Darmawan Iskandar said that the contract with Exxon Mobil to explore the Cepu Block has resulted in financial losses to the Indonesian nation.

“Exxon Mobil has reaped profits of as much as US$40.3 billion or almost 400 trillion rupiah. This figure is equivalent to a profit of 12 million rupiah per second that has been taken by Exxon Mobil. This is a huge financial loss in a situation where people are suffering”, said Iskandar on Wednesday April 2.

[Translated by James Balowski.]

Country