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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 ...
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 ...
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 .
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 ...
Mining operations at Indonesia's Grasberg gold and copper mine have been disrupted as protests by workers over coronavirus restrictions extended into a third day at the mine operated by a unit of ...
Gold and copper miner Freeport-McMoRan may have ducked under the export ban Indonesia imposed on unprocessed ore, but it and fellow miner Newmont Mining can't avoid paying a new export tax the ...
The mine is the second largest copper-gold mine in Indonesia behind the Grasberg mine of PT. 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.
The Grasberg mine stands as one of the world's largest gold mines, situated in the mountainous terrain of Mimika Regency. Operated by PT Freeport Indonesia (PTFI), a subsidiary of Freeport-McMoRan from the United States, Grasberg yields not only gold but also copper and silver.