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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 government of Papua, owning a 51.23% stake and Freeport-McMoRan owning 48.77%.
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 .
A fire in mid-October at a new Freeport smelter in Indonesia damaged its operations. In the fourth quarter earnings call, management lowered its expectations for copper production in 2025 from 4.2 ...
This list of mines in Indonesia is subsidiary to the list of mines article and lists working, defunct and future mines in the country and is organised by the primary mineral output. For practical purposes stone, marble and other quarries may be included in this list.
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 ...
Freeport earned a profit of $6.9 billion last year on $25.5 billion in revenue. Along with mining activity in Arizona and other states, it has major operations in Indonesia, Chile and Peru. ...
Bre-X Minerals Ltd., a major part of Bre-X based in Calgary, was involved in a major gold mining scandal when it reported it was sitting on an enormous gold deposit at Busang , East Kalimantan, Indonesia. Bre-X bought the Busang site in March 1993 and in October 1995 announced significant amounts of gold had been discovered, sending its stock ...
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 ...