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PT Freeport Indonesia was previously 90.64% owned by Freeport-McMoRan, including 9.36% owned through its wholly owned subsidiary, PT Indocopper Investama. [18] Since 2018 in negotiation on extending the permit of the mining operation the government of Indonesia negotiated ownership of 51.23% of the company, while Freeport-McMoRan owned 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 .
After a near-two month delay, copper and gold miner Freeport-McMoRan has begun running copper shipments again out of its Grasberg mine in Indonesia, though full capacity production is still at ...
Freeport-McMoRan Inc (NYSE: FCX ) has completed another “transition year” in the move to underground mining at its giant Grasberg mine in Indonesia and this key asset seems poised for full ...
After a spate of tragic accidents claimed the lives of dozens of workers at its huge Grasberg gold and copper mine in Indonesia, Freeport-McMoRan was given the go-ahead by the government to reopen ...
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 ...
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-McMoRan; I. Freeport Indonesia This page was last edited on 12 August 2017, at 16:16 (UTC). Text is available under the Creative Commons ...