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The Grasberg mine has been a frequent source of friction in Papua. Causes of friction are the mine's environmental impact on Papua, the perceived low share of profits going to local Papuans (Freeport's annual report shows it made $4.1billion in operating profit on revenue of $6.4billion in 2010) and the questionable legality of the payments ...
Underground portion of Grasberg Mine in Central Papua visited by President of Indonesia Joko Widodo. Freeport is the world's largest producer of molybdenum, and one of the largest producers of copper. [47] In 2019, 79% of its revenues were from the sale of copper, 11% were from the sale of gold, and 8% were from the sale of molybdenum. [47]
Tembagapura is situated on a rocky plain at an altitude of 1,930 metres (6,330 ft) at the base of Mount Zaagkam, which lies 16 kilometres (9.9 mi) southeast of the mine. [3] The town is in the Sudirman Range, not far from Puncak Jaya (Mount Carstens), the highest peak in Oceania. The area gets about 3,220 millimetres (127 in) of rainfall each year.
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
Freeport Indonesia, operator of Grasberg, the world’s second-biggest copper mine, is on track shift to all-underground mining by 2022, its chief executive said on Sunday. Wenas said Freeport had ...
Papua New Guinea Australasia and Oceania Papua New Guinea Independent State in the World Port Moresby PG 1975-09-01 Its independence from Australian-Administered UN trusteeship on Sep.16, 1975. 1 809 80901 Palau Islands Australasia and Oceania Palau District (TTPI) Dependency and Area of Special Sovereignty Koror United States 1950-01-01 1989-12-31
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Barrick Gold has suspended operations at its Porgera gold mine in Papua New Guinea until Thursday after tribal violence in the region killed at least 20. Papua New Guinea has granted police ...