Sunday, May 21, 2017

Combined Experience Company Man - Self - Employed

I have been experiencing more than 18 Years practicing as Independent Business Lawyer - Freelance- Self-Employed since 1 June 1998, when I quit working as the In house Legal Counsel of PT Freeport Indonesia, a Copper Gold Mining Company in Indonesia. There are many reasons why I  started working as a Self-Employed Independent Business Lawyer, among  others was that I wanted to be on my owned after experiencing working as a Company Man - In house, Legal Counsel in a well established corporation. 
There are the ups and downs in terms of Cash Flow, and not like if you are working as A Company man, where every end of the month you get a fixed income salary.  If you are Self -Employed you feel more freedom in pursuing your life journey, where you can combined work with pleasure, since you are more flexible in terms of places and time hours that you want to establish. You do not have to wait until Saturday nor Sunday to spent your time relaxing your time if you feel you are tired of working behind the close doors.  However in the terms of Cash - Flow there is always an uncertainty since you do not have a fixed income. 
 It is actually a choice of life style that you are pursuing. In life there is the material - physical side, the emotional side as well as the spiritual side  It really depends upon yourself which of this element of life are you trying to weight and balance more. If you like writing your fragmentation or snapshot part your life journey, you can more easily capture the statistic and rhythm of your life mile stone marks. The physical body of every individual will decrease periodically in your life journey  and needs to be managed  to maintain its health and stamina. You are your own doctor where you can detect which food are good for you or whether you need some rest or need exercise to maintain your health stamina. 
The Writer of this Blog is  glad of daring  to experienced his life path by choosing to be self-employed when he  reached the age of 46, so that thanks to the Al Mighty, he could experienced a combined life journey  being a Company Man for 15 Years and a Self-Employed Person for more than 18 Years.
And now in this Year of 2017, where with the permit of ALLAH the Al Mighty, the Writer of this Blog had  been given the opportunity to live for more than 65 Years in this World, it appears that its is a new Phase Stage of Life Journey, where  you have to learn how to survive maintaining a good healthy physically, spiritually, mentally and emotionally with his family.

Jakarta, 21 May 2017
Agung Supomo Suleiman        
    
       

Saturday, April 15, 2017

Differences Concept Legal Right Title Ownership Mineral Natural Resources Indonesia Versus other Countries

The rather Hot Issues being discussed involving General Mining Companies in Indonesia, are relating to the recent Government Policy and Rulings that General Mining Companies operating in Indonesia are no longer permitted to Export Raw Mining Ore,  but are obliged to processed their Raw Ore Mining Products to become certain Mining Processed Product  as determined by the Government of Indonesia through a Smelter Processing Plant  within the Indonesian Mining Jurisdiction Area.
The Target of this ruling is to create and develop Value Added to the Raw General Mining Products, before it is exported to outside of the Mining Jurisdiction of Indonesia. In order to boost the development of this Smelter Processing Plants in Indonesia, certain  interesting Incentives should be given to the Mining Companies, by the Indonesian Government. Accordingly, in reality,  there must always be a trade off to achieve the goals and target of a certain Government Policy to increase Value Added to the Raw General Mining Ores produced from the General Mining Territory of Indonesia. The financial conditions, weakness and strenghtness of a certain Country will surely influence the leverage of bargaining and negotiating such Host Country who invites Foreign Investors to be involved in extracting, exploring, exploiting and producing Mineral Natural Resources in such Host Country.       
Companies needs significant amount of Monies / Funds for investing in the construction of a certain  Smelter Plant Processor, and for sure there must also be a certain long term agreement,  between the Smelter Processing Plant and the Mining Companies who are ordering such Smelter Companies to process their Mining Raw Mineral Concentrate  Products, to enable the Smelter Companies to get a high commercial  and quick return of their Investment in building this Smelter Processing Plant.  
For example if we talk about PT Freeport Indonesia (PTFI), who is conducting General Mining operations in Indonesia, than based on Article 10 paragraph 5 of  PT FI Contract of Work ("PT FI's COW"), it regulates that the Company (PT Freeport Indonesia ("PT FI") acknowledges the Government's Policy  to encourage the domestic processing of all of its natural resources into final products where feasible. The Company further acknowledges the Government desire that a copper smelter and refinery be established in Indonesia and agrees that it will make available copper concentrates derived from the Contract Area for such smelter and refinery so established in Indonesia as provided below.     
.......In the event that during the five period commencing on the signing of this Agreement, a copper smelter and refinery facility to be located in Indonesia has not been established or is not in the process of being constructed by any Person, the, subject to the mutual determination by the Government and the Company as to the economic viability of such smelter and refinery, the Company shall undertake or cause to undertaken the establishment of a copper and smelter refinery  in Indonesia to comply with the Policy of the Government.

https://identitasdanstatus.wordpress.com/2011/12/06/pt-smelting-gresik/As implementation of this provision,   PT FI through its affiliates PT Smelting Gresik in Surabaya had constructed the Smelter Processing Plant,  whereby Mitshubishi Materials owned 60.5 % and PT FI  owner 25%, Mishubishi Corporation 9.5% and Nippon Mining and Metals Co owned 5% of the Equity/Shares issued by PT Smelting Gresik. Chiyoda had constructed this Smelter Plant Facilities in the amount of USD 500 Million.
The feedstock smelter is shipped from Freport Grassberg which distance around 2,600 Kilometer from the Smelter Facilities which is closed to Petrokimia Gresik, a Government Fertilizer, who used smelter sufuric acid, and this was the prime reason why the Smelter Gresik was build in this Location.http://www.mmc.co.jp/sren/Gresik.htm The copper smelting and refining complex consists of the smelter itself, which produces copper anodes and process off-gasses high in SO2, the sulfur acid plant, the tankhouse and any other infrastructure within the Site Boundary, including waste water plant, jetty and wharf and material handling facilities.

We observe that Gresik Smelting Facilities processed 40% of PT FI Copper Mining  products output, while the remaining  60%  of PT FI's contrates output are exported,  In implementing this provision of the COW,  Mitsubishi together with PT Freeport Indonesia had developed PT Smelting  Gresik in Gresik Surabaya, in the Year 1997, operated by PT Mitsubishi and PT FI, whereby a certain long term agreement between PT Freeport Indonesia as a General Cooper Mining Company and this Gresik Smelter Processing Plant to process the Cooper Mining Product to produce copper cathode.  PT Smelting Gresik takes in  40 % of PT FI output and export the remaining 60% out-put of PT FI's raw concentrate ore.
In the recent latest progress, PT FI had halted the production of concentrates since February 10, 2017 waiting to receive the Export  Permit  from  the Government of Indonesia to export  ores  and concentrates.We observe that PT FI will only be allowed to Export such Concentrate Ores if  PT FI agree to convert the COW into IUPK (Particular Mining Business Permit). As we understand the Government of Indonesia had issued new regulations, among others the Presidential Decree No.1 Year 2017, whereby these New Regulations permits the continuation of copper concentrate exports for a five (5) Year period through January 2022, subject to certain pre-conditions  to be fulfilled by the Mining Companies operating in Indonesia.
Well, in reality, PT FI as other business Mining Companies, are focusing more on the Profit oriented approaches, whereby the Government of Indonesia, has the more broader and wider task  to Optimize, manage and ensure that the remaining National Resources owned by the People of the Republic of Indonesia are being extracted, explored, exploited and produced for the Most Beneficial Interest to increase and guarantee the Social Welfare of the whole entire people of the Republic of Indonesia.
In other words  each and every step taken by the Government of Indonesia represented by the President as well as the Ministerial level of  the Energy and Mineral Natural Resources Department ("ESDM") are to be taken  for the National Interest of the Republic of Indonesia,  particularly to gain more Added Value of the Mineral National Resources as the National Asset of the Republic of Indonesia.
https://agungssuleiman.files.wordpress.com/2014/02/lubang-ngangan-juga-pt-freeport-indonesia.jpg
In this Open, Transparency, Democratic Area, the entire people of Indonesia are controlling, monitoring each and every step and action taken by the Government, the People's Representative in the Parliament (DPR)  in managing, developing, and making policies and rulings on the Mineral Natural Resources, which based on the Basic Principals under the Indonesian Constitution Basic Law, which is Article 33 (3) of the Undang-Undang Dasar 1945 (the 1945 Basic Law Constitution), such  Remaining Mineral National Resources, which are owned by the People of the Republic of Indonesia, must be managed, developed, produced   for the Social Welfare of the Entire People of the Republic of Indonesia.
This concept of Mineral Natural Resources Title Ownership being posses and owned by the People of the Republic of Indonesia, differs from the concept of Legal Title Ownership on the Mineral Natural Resources, adopted by several Western  Countries, whereby Individual or Private company (ies)  are given  the Legal Right Title Ownership on the Mineral National Resources found, extracted  in the location under or below the Surface Land owned by the Individual or Private Company (ies) in such specific country.
This difference Concept of  Mineral Natural Title Ownership, for sure creates differences of policies and rulings taken by the Government and Legislative in approaching,  handling,  managing the exploration, exploitation and producing of the Mineral Natural Resources between Country to Countries. Accordingly, General Mining Investors who are interested to Invest their Mining Business in Indonesia must be fully aware of this Differences Concept, especially in this New Transparent, Openness, Democratic  Era occurring in Indonesia, for which for sure National Interest will also play a significant important role in shaping the trend of Policies and rulings in the Mineral Natural Resources Sectors.

Jakarta, 15 April 2017
Agung Supomo Suleiman
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Monday, January 16, 2017

ALWAYS THANKFULL to ALLAH the Most Merciful

Hi Folks, without us being aware, with the Blessings of ALLAH the Creator of this World that we lived in, we are being permitted  to be still alive and can enter the New Year 2017. We really have to be thankful to our Creator ALLAH  that we are allowed to be still alive, which for sure must have some real significant reasons why ALLAH is still permitting us to be still alive in this Beautiful and wonderful world that we lived in. 
  • By being permitted to practice  in the professional life carrier as an Independent Business Lawyer (Self-Employed) by ALLAH, for more than 18 Years, since 1st of June 1998, which formerly was allowed by ALLAH  to experienced blended combinations as Company Man - In-house Legal Counsel for more than 17 Years, in the Law Firm of Adnan Buyung Nasution & Associates (Nasution Lubis Hadiptranto) 5 Years, Vico Indonesia (Huffco Indonesia) 5 Years, PT Freeport Indonesia Company 5 Years,  accumulative,   the Writer of this BLOG,  must  always continuously keeping reminding  himself, to always allocate part of  his  daily 24 Hours time to read the Holy Al Quran, at least  1(one) ayat, a day Insya ALLAH, so that Insya ALLAH with the permit of ALLAH, we are guided by the Creator ALLAH to be on the Right Straight Path as been shown by the Prophets, during their period, as recited in many Surah of the Holy Book Al Quran  
  • Yes as a Moslem believer (meaning surrender and worshiping only to ALLAH, the Only One Creator of this Live), we must force ourselves to seek Enlightenment from  the Creator of this Universe, by reading the Holy Book, particularly as a Independent Business Lawyer, where we are dealing with different of interpretation in implementing the Agreements involving Business Aspects between the parties involved in such Contractual Business Transactions 
    We have to always remember to put faith in our Heart (Qolbu), by filling our Qolbu with the Holy Words of ALLAH recited in the Holy Al Quran, which    was sent down by ALLAH  to ALLAH's Messengers called the Prophets or Rasul of ALLAH continuously; 
  • Praised be to ALLAH that, the Writer of this Blog  was permitted by ALLAH to practice his profession  as a Business Lawyer for more than 35 Years since the year around 1979, and the Writer of this Blog, keeps on focusing in practicing his Professional Carrier as an Independent Business Lawyer. With the Blessings of ALLAH, he is permitted to practice his Professional, by serving Clients in the Business Circles related to Natural Resources, which includes Copper, Oil, Gas, Mining Minerals, Iron, Gold, Coal, Iron, Limestone, Bentonite,  and recently assisting Client involved in the Drilling of Production Wells of Geothermal and Injection Wells.    
  • His motto in running his Professional Carrier,  is striving to develop  in Believing and  maintaining faith to ALLAH as the Creator of this World. You can imagine the Temperature Heat Decree being tapped and captured in  the Geothermal Production Wells can reach 270 Degree, which can boost turbine to generate electricity.  The potential magma from the earth can boiled the water which was sent down to the earth by the Creator of this World from the sky through the mechanism being vaporized by the Sun of the Sea Water and collected as Clouds, and poured down  to the earth, and  become hot steam  to be used for energy in many ways. 
  • If you are practicing as a Professional, are you practicing it in accordance with the guidance and enlightenment from the Holy Books ?   Do we practiced our Professional by suffering or disadvantaging or making loss to others ?   Those are some of the tough Questions that we have to answer to the Creator  of this live and the Creator of us human beings.  Of course for sure this "faith" issue is the element of "Faith" or we called it "Iman" in the Holy Book of Al Quran, where with the permit of ALLAH, if we seek the Truth Guidance from ALLAH, based on Allah's words we can be guided by ALLAH to build and develop our Faith in believing ALLAH as the Creator of this World  where we lived in until when the times comes to an end to each of us.       
Jakarta, 16 th January 2017
Agung Supomo Suleiman
Independent Business Lawyers  
                 

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