WebMay 17, 2024 · Freeport owns a 90.64 percent interest in PT Freeport Indonesia, which operates the mine. In its first full year of operations the Grasberg mine produced … WebAug 30, 2024 · Last year, Freeport offered a 10.64 percent stake in Grasberg for $1.7 billion, valuing the mine at about $16.2 billion. The government counter-offered at $630 million. What are the implications ...
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WebAug 12, 2015 · Preamble. Grasberg is a porphyry copper deposit located on the eastern portion of the island of New Guinea, high up in the Owen-Stanley range, the rugged backbone of New Guinea, 100 kilometres … WebSep 26, 2024 · JAKARTA (Reuters) - Global mining giants Freeport McMoRan Inc and Rio Tinto have struck a binding accord to sell a …
The Grasberg mine has one of the largest reserves of gold and copper in the world. It is located in Mimika Regency, Central Papua, Indonesia near Puncak Jaya. It is operated by PT Freeport Indonesia (PTFI, see below), a joint venture between the government of Indonesia, government of Papua, and American … See more In 1936, Dutch geologist Jean Jacques Dozy was a member of an expedition that scaled Mount Carstensz (now called Puncak Jaya), the highest mountain in the Dutch East Indies. While there, he made notes of a peculiar … See more PT Freeport Indonesia (PTFI) is the company that currently manages Grasberg mine. The mining company is a joint venture between Indonesian and American interests, … See more The concentrator's tailings, generated at a rate of 700,000 tonnes per day, are the subject of considerable environmental concern, as they wash into the Aikwa riverine system and Arafura Sea. Some 130 square kilometres (50 sq mi) (eventually 230 … See more In 2003, a landslide killed eight workers. A government study concluded that the incident was the result of negligence. Important warning … See more The workings include a very large open pit mine, an underground mine and four concentrators. The open pit mine – which forms a crater 1 mile (2 km) wide at the surface – is a high-volume, low-cost operation, producing more than 67 million tonnes of ore and … See more Violent ambushes near the Grasberg mine have occurred as early as August 2002, when three contract school teachers were killed. See more • Great Deposits of the World – Grasberg Part 1, 3-part series, updated October 17, 2024. Other 2 parts linked within. • Photos and comments from a visit to the mine See more WebNov 15, 2024 · Freeport-McMoRan’s Grasberg mine has been operating since 1972, ... Indonesian government at “fair market value” an additional 41.64% stake in Grasberg, increasing the government’s ownership from 9% to 51%. Freeport also agreed to build a second copper smelter, invest $20 billion in the mine, and pay higher taxes and royalties. ...
WebSep 11, 2024 · Grasberg’s proven and probable reserves estimate at its four producing mines and one undeveloped mine at end-2024 was pegged at 46.4 million ounces of gold, 18.9 million tonnes of copper, and ... Web16 hours ago · On April 13, 2024 at 14:39:52 ET an unusually large $840.00K block of Call contracts in Freeport-McMoRan (FCX) was sold, with a strike price of $47.00 / share, expiring in 36 day(s) (on May 19, 2024).
WebJun 5, 2024 · But the simple fact that Grasberg's ownership, some 45 years into its productive life, remains the subject of debate between the miner that built it and the government that controls its work ...
WebDec 29, 2014 · The open pit mine – which forms a mile-wide crater at the surface – is a high-volume low-cost operation, producing more than 67 million tonnes of ore and providing over 75% of the mill feed in 2006. Designed to be fully mechanised, using 6.2m3 Caterpillar R1700 load-haul-dump vehicles (LHDs) at the extraction level with a truck haulage ... portsea holeWebAug 30, 2024 · The U.S.-based mining company said it would cut its ownership in the giant Grasberg copper and gold mine to 49%, ending a long-running dispute with Indonesia. optum urgent care new albanyWebJan 14, 2024 · The Indonesian government has acquired a majority stake in the operator of the Grasberg mine, one of the world’s biggest copper … portsea historical societyWebWe would like to show you a description here but the site won’t allow us. optum united healthcare employer portalWebFrom mine to super-mine In 1987, the discovery of the massive Grasberg orebody propelled Freeport to its current position as an industry giant. Estimates suggest that the mine has both the third largest reserves of copper, and the second largest reserves of gold, in the world. Massive output of copper, gold and taxes portsea housing officeWebDec 23, 2024 · Within the market, the Grasberg copper/gold mine has a unique status, as the largest mine in the country, a significant underground operation in a market dominated by open pit mining. In 2024, it was one of the first foreign owned and operated mines to transition to majority Indonesian ownership. optum unitedhealth group noidaWebNov 25, 2024 · Grasberg gold and copper mine is located in the province of Papua in Indonesia. (Credit: Alfindra Primaldhi/Wikimedia Commons) PTFI previously held a 90% share of the Grasberg mining operation, … portsea housing