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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 .
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 ...
Indonesia has a strong hold on the nickel industry. The Southeast Asian country boasts the world’s largest nickel reserves and last year produced about 40% of the world’s supply of the metal ...
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 ...
Freeport Doctrine, articulated by Stephen A. Douglas at the 1858 Lincoln–Douglas debate in Freeport, Illinois Freeport-McMoRan , a mining company operating in the Americas, Indonesia, and Spain Topics referred to by the same term
Small-scale mining of tin in modern Indonesia might have begun in Bangka by the 7th century; some exports of tin from Bangka are dated to the 13th century. After the arrival of the Dutch in the region, the Dutch East India Company (VOC) signed a treaty with the Palembang Sultanate which granted the VOC monopoly rights over Bangka's tin trade in ...