Operational News

18 October 2022

Papua's Export Hikes 42,60%, BPS: Almost 100% Comes from Freeport!

The Central Statistics Agency (BPS) of Papua Province stated that the most significant export came from Amamapare Port, in Mimika Regency, that worth USD 779.77 million or 98.66 percent of Papua's total exports. It is indicated that PT Freeport's exports still influence it.

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16 October 2022

Indonesia May have Oversupply of Copper Cathodes in 2025, says Energy Minister

The Ministry of Energy and Mineral Resources (ESDM) as well as the Ministry pf Investment and the Ministry of Industries are encouraged to invest in derivative industries in an effort to process copper cathodes. This comes in the wake of a prediction of an overproduction of copper cathodes in 2025.

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14 October 2022

PT Freeport Indonesia Gives Scholarships & Scientific Orations to Students

With the theme of economic transformation through downstream with local wisdom, the scientific oration held by the collaboration between PT Freeport Indonesia and the Ministry of Investment and the Investment Coordinating Board, continued to the University of Indonesia and the Bandung Institute of Technology. Not only giving scientific speeches, but PT Freeport Indonesia also provides scholarships to students.

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12 October 2022

Minister of Investment on Extension of Freeport Indonesia Contract

The Minister of Investment/Head of the Coordinating Board of Capital Investment, Bahlil Lahadalia, affirmed that PT Freeport Indonesia’s contract extension, which was issued ahead of time and with an expiry date in 2041 must be in accordance with the mechanisms and in the interest of the nation.

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11 October 2022

Bahlil Affirms Downstreaming of Natural Resources Conducted in Sustainable Way

Indonesia’s wealth of natural resources is acknowledged the world over, especially where it concerns the variety of mineral contents. As is mandated by law all-natural wealth is destined to be people’s property in the interest of their prosperity.

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11 October 2022

Jokowi Claims 70 Percent of Freeport’s Profit has Got into RI’s Pocket

President Joko Widodo (Jokowi) stated that 70 percent of PT Freeport Indonesia’s income already belongs to Indonesia. It happened after Indonesia acquired 51 shares through PT Indonesia Asahan Aluminium (Inalum). Jokowi explained that previously, Indonesia only held 9 percent of Freeport’s shares, with 9 percent of dividend income.

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05 October 2022

This is The Reason Why Bahlil Lahadalia Collaborates with Freeport to Hold Scientific Speech

A scientific speech was held at two universities there are Institute Technology of Sepuluh Nopember (ITS) and Gadjah Mada University (UGM), on Tuesday, October 4th 2022. Minister of Investment/Head of the Investment Coordinating Board (BPKM) Bahlil Lahadalia and the Chairman of the Board & Chief Executive Officer (CEO) of Freeport-McMoRan Richard C. Adkerson presented the material as the speakers on that occasion.

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30 September 2022

Freeport Owes Papua IDR 7 Trillion Post-IUPK Ratification

PT Freeport Indonesia (PTFI), through its Corporate Communications Vice President, Riza Pratama, confirmed the IDR7 trillion funds owed to Papua that was previously conveyed by the company’s President Director, Tony Wenas, during a Hearing Meeting (RDP) with Commission IV of Indonesia’s House of Representatives on Tuesday, September 27, 2022. Riza Pratama said that the fund’s context is related to PTFI’s obligations under the Special Mining Business License (IUPK).

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30 September 2022

ESDM Minister Avers Only Freeport Has Capability to Operate the Grasberg Mine

PT Freeport Indonesia’s IUPK special mining operation license to mine the Grasberg Mine in Timika Regency, Papua is only slated to end in 2041. Energy and Mineral Resources (ESDM) Minister Arifin Tasrif believes no other company has the capability to operate the mine. "PTFI is the only company able to operate the mine.

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28 September 2022

Mineral Downstream Activity Boosting National Economy

Developing downstream industries for natural resources is said to factor in boosting Indonesia’s current economy. As such, the government has put a ban on export of a mineral in its raw form, namely nickel. The decision will be followed with a ban on crude bauxite exports in 2022, and another on tin, effective in 2023.

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