Operational News

21 December 2022

Freeport to Distribute Dividends Worth USD 3.8 billion to the government Until 2024

PTFI President Director, Tony Wenas explains about the great potential of downstream mining in the mineral and coal sector to support domestic needs including the electric vehicle ecosystem to renewable energy.

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20 December 2022

End of 2022, Freeport Smelter Reaches 50%

JAKARTA. PT Freeport Indonesia (PTFI) is targeting the Manyar Smelter Project in Gresik to reach 50% by the end of 2022. Freeport Indonesia Vice President Government Relations, Harry Pancasakti, disclosed that the downstream program is ongoing.

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16 December 2022

Optimizing Workers Safety in the PT Freeport Indonesia Production Process

Mining at PT Freeport Indonesia (PTFI) is currently conducted underground. Advanced digital technology is bolstering effectiveness of PTFI’s underground mining operation.

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05 December 2022

Sri Mulyani’s Story Regarding Benefit of Freeport Mine’s Waste

The Minister of Finance, Sri Mulyani Indrawati mentioned that PT Freeport Indonesia’s mining tailing is beneficial for the construction of the Trans Nabire Road up to the Mimika Regency Administration Office’s infrastructure. For information, tailing is the leftover material/waste after the process of separating gold and silver minerals from the ore in the mine.

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05 December 2022

Sri Mulyani Visited Freeport Mine: Largest in Indonesia

Minister of Finance Sri Mulyani Indrawati shared the moment of visiting the Grasberg Mine in Mimika, Papua, which is managed by PT Freeport Indonesia. Sri Mulyani said this mine is the largest in Indonesia. "The Indonesian people certainly know about @freeportindonesia, one of Indonesia's largest mining companies at the moment," Sri Mulyani said via her official Instagram account on Monday, December 5, 2022.

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29 November 2022

Freeport Shares Divestment Administration Changes Following Papua’s Expansion

Acting Regional Secretary of Mimika, Petrus Yumte mentioned that the administration related to the divestment of PT Freeport Indonesia’s (PTFI) shares changes, following the expansion of Papua. “In terms of the divestment of shares, shall also change administratively,” he stated in Timika, Monday (11/28).

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16 November 2022

Freeport Boss Says Smelter in Gresik Will be the Largest in the World

PT Freeport Indonesia is in the midst of building a refining plant or smelter in the Gresik Special Economic Zone (SEZ) in East Java. This smelter is predicted to be the largest single copper smelter in the world. This was conveyed by the Chairman of the Board and Chief Executive Officer at Freeport McMoRan Inc. Richard C.Adkerson, during a talk with media crew of detik.com on the sidelines of the G20 Summit in Bali.

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16 November 2022

Freeport Support for Indonesia’s Economic Transformation 

The government of Indonesia is committed to implementing its downstream industry program in the mining sector. There is confidence this policy will boost Indonesia’s economic strength through non-tax state revenue (PNBP), dividend payments, and export duty. It is one of three major strategies devised by Jokowi to answer the various global economic challenges encountered. 

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16 November 2022

Digitalization Makes Women’s Work at Freeport Mining Site Easier

CEO of Freeport said digitalization has been one of the many challenges faced by the company. But it can also become a great opportunity for women to work at mining industry, especially at Freeport.

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09 November 2022

Freeport Indonesia Can Still Export Copper Concentrate Until Its Smelter is Completed  

PT Freeport Indonesia (PTFI) disclosed it can still export copper concentrate until its copper cathode smelter, its second smelter, is completed in December 2024. However, under Article 170A of the Minerals and Coal Law, UU Minerba Number 3 of 2020, all mineral concentrate exports are to cease at the latest by 3 years from the time the Law comes into force.  UU Minerba came into force on 10 June 2020. This means the ban on export of mineral concentrates takes effect in June 2023. 

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