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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%.
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 ...
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.
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 ...
Now, Indonesia's position is poised to become even more dominant—the CEO of Eramet, a French mining firm, says the country's low-cost nickel suppliers could wipe out rivals in the next few years.
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 .
In addition, the holding will start a strategic plan to integrate mining production activities and smelting of mining products, including a plan for acquired PT Freeport Indonesia. [5] In August 2019, the holding company renamed as MIND ID, acronym of Mining Industry Indonesia. [6]
PT Freeport Indonesia, which is a mining company, operates underground mining trains to facilitate the transportation of copper, gold and silver ore materials to the processing plant location at Mile 74, Tembagapura, Mimika, Papua. The locomotive used is the MMT-M-270-BDE diesel locomotive made by Schalker Eisenhütte Maschinenfabrik, Germany.