These are Freeport Achievements for Papua’s Economic Growth

09 April 2022

On its 55th anniversary, PT Freeport Indonesia (PTFI) held an anniversary celebration in three works locations, Tembagapura, Kuala Kencana, and Jakarta, Thursday (7/4). With the theme titled, “Dedication to the Nation”, this theme reflected PTFI’s commitment to providing the best from “Our Home” that is built with SINCERE values (Safety, Integrity, Commitment, Respect, and Excellence).

President Director of PTFI, Tony Wenas explained that PTFI’s presence in 1967 marked the beginning of the first foreign investment in the New Order era. PTFI has been through various challenges and achievements in its operations for 55 years starting from the I Work Contract era for the management of the Erstberg mine and the discovery of ore reserves in Grasberg. PTFI also synergizes with the Indonesian Government which is marked by the issuance of a Special Mining Business Permit (IUPK).

Tony said PTFI still can continue to produce and achieve the target according to the plan amid the pandemic, therefore PTFI continues to contribute to the country and the growth of Papua’s economy. One of them, when the national economy experienced a decline in the second half of 2020, Papua's economy grew by 29% from the mining sector.

“With the slogan, continue to grow and develop with the community, especially with the 51.2% share ownership by the government represented by Inalum at that time, became the best synergy,  the most concrete example of a public-private partnership is that we have succeeded in processing and managing our mineral resources for a better future. This is inseparable from achieving a production ramp-up of up to 100% and also contributing more to the nation and state," said Tony in a written statement, Saturday (9/4/2022).

Meanwhile, President Director of MIND ID, Hendi Prio Santoso appreciated PTFI’s achievement that has become a pioneer in the development and operation of the largest block caving underground mine in the world. Moreover, this mine is also a reference for other global mines.

“PTFI has entered a new chapter in strengthening its commitment dedication to the country by developing a new smelter capacity in the country which inshaAllah it will operate in 2024. Our appreciation, gratitude, and pride for the contribution and participation of the PTFI extended family who has become an important part of the achievement of Mind ID for the contribution of the state and nation," said Hendi.

On the other side, the President of the Republic of Indonesia, Joko Widodo, who was present virtually appreciated all PTFI employees who have contributed to processing and managing Indonesia's mineral resources. According to him, this dedication provides great benefits for the prosperity of the people and contributes to Indonesia’s future.

“PTFI must take part in the nation's transformation, accelerating the downstreaming of our mining products while sustainably maintaining environmental sustainability to provide higher added value for improving the welfare of the Indonesian people," said Jokowi.

In line with Jokowi, Minister of SOEs, Erick Thohir also appreciated the role and contribution of PTFI to the Indonesian economy, especially Papua. He considered PTFI as a company that supports sustainability and advances the welfare of the Papuan people, especially in developing education for Papuan children.

“PTFI’s capability in managing large-scale and high-yield underground mining projects in the mineral area of ​​Papua province has become a home for the best people throughout Indonesia. I advise PTFI to continue its good performance, as well as the transformative and innovative programs that have been carried out, all PTFI personnel also maintain the spirit of togetherness in overcoming challenges and adapting to the current business disruption, especially in welcoming the latest technology in the mining sector, the first 5G Mining in Southeast Asia and continuing to play a strategic role as a catalyst for Indonesia's economic growth to realize Indonesia's golden ideals in Southeast Asia in 2045," concluded Erick.

For information, this celebration presents a musical drama about the company’s history which involved 75 employees and PTFI’s related communities. They were trained by the choreographer, Agus Noor, and his team. Several artists were also invited to guest at this event, including Andrea Lee, Sandhy Sondoro, Socha Band, Iyan Yosua, and Sonya Bara.

The celebration started in the morning with a mini-concert by Sandhy Sandoro in the underground mining that has achieved an Indonesian World Records Museum (MURI) record for conducting a musical performance at the deepest location, 1,220 m below ground. This event is then followed by the highlight of this event in the afternoon.

 

http://finance.detik.com/berita-ekonomi-bisnis/d-6024902/ini-deretan-pencapaian-freeport-bagi-pertumbuhan-ekonomi-papua

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