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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 .
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%.
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 ...
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 (NYSE: FCX) Q3 2024 Earnings Call Oct 22, 2024, 10:00 a.m. ET. Contents: ... and this is a project in our portfolio that Freeport can execute. In Indonesia, we continue to ...
Tembagapura is a district in Mimika Regency, part of the Indonesian province of Central Papua, centered on an urban village built to support the Grasberg Mine.The district covers 2,586.86 km 2, and it had a population of 16,917 at the 2010 Census and 23,022 at the 2020 Census.
By all accounts, it appears that Freeport-McMoRan Copper & Gold is wrapping up any lingering issues with the Indonesian government. The stock fell more than $7 back in January on a decree by the ...
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 ...