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Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum , a major copper producer and operates the world's largest gold mine , the Grasberg mine in Papua, Indonesia .
PT Freeport Indonesia (PTFI) is the company that currently manages Grasberg mine. The mining company is a joint venture between Indonesian and American interests, with the Indonesian government through its state-owned company PT Mineral Industri Indonesia (MIND ID) and PT Indonesia Papua Metal & Mineral, a company co-owned by MIND ID and ...
See also: List of special economic zones and List of free-trade zones In special economic zones business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations. They can be ports or other large areas ...
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The mine is the second largest copper-gold mine in Indonesia behind the Grasberg mine of PT. Freeport Indonesia. Freeport Indonesia. The mine is located 1,530 kilometres (950 mi) east of the Indonesian capital Jakarta on Sumbawa , an island in West Nusa Tenggara Province, more precisely in the southern part of West Sumbawa Regency .
Richard C. Adkerson is an American business executive who currently serves as Chairman of the Board at Freeport-McMoRan. [1] He was the chief executive officer (CEO) of Freeport from 2003 until June 2024 and has been a member of its board since 2006, taking on the role of chairman in February 2021.
The airline was established and started operations in 1971. It was established to provide helicopters and fixed-wing aircraft to the oil exploration industry in Indonesia, initially as an Australian-Indonesian joint venture, but evolved into a fully Indonesian-owned and operated company in 1982 when it acquired Zamrud Aviation Corp. [5] It was owned by Frank Reuneker (53%) and other ...
The Grasberg mine has been cited as one of the largest single taxpayers in Indonesia, [3] [17] contributing 0.6 percent to Indonesia's GDP (96 percent of the GDP of Mimika Regency where the mine is located) and generating 17.3 billion USD in revenue for the Indonesian government between 1992 and 2017 through taxes, export duties, royalties, and ...