Since Indonesia took control, Freeport's gold reserves have steadily declined.

Market

Premium

Adi Ahdiat 30/04/2024 15:26 WIB

URL has been copied

Memuat...

Since 2018, the Indonesian government, through MIND ID, has held a majority stake in PT Freeport Indonesia. Since then, Freeport's gold reserves have been recorded as continuously declining.

Estimated Gold Reserves of PT Freeport Indonesia (2018-2023)

A Small Font
A Medium Font
A Bigger Font

You are accessing content Single Data Premium.
To continue, please subscribe or buy individually.

Professional

Enjoy premium access with a more affordable price.

Start from

~~Rp300.000~~ 150.000/month

Access more premium content and exclusive features for customers.

Start from

50.000/month

Hanya Rp833 per artikel

More details »

Buy Retail

Read the article immediately “Since Indonesia took control, Freeport's gold reserves have steadily declined.”.

Rp10.000

We accept the following payments:

Some payment methods are still in the process of being activated.

Estimated Gold Reserves of PT Freeport Indonesia (2018-2023)

Download

Source

A Small Font
A Medium Font
A Bigger Font

PT Freeport Indonesia (PTFI) is a subsidiary of the American mining company Freeport McMoRan, which has operated in Indonesia since 1967.

Since 2018, the Indonesian government has held a majority stake in PTFI through MIND ID, the national mining state-owned enterprise (SOE) holding company.

Currently, the Indonesian government, through MIND ID, controls 51.24% of PTFI's shares, while Freeport McMoRan holds the remaining 48.76%.

Since its inception in Indonesia, PTFI has been the mining operator in the Grasberg District, Mimika Regency, now part of Central Papua Province.

According to Freeport McMoRan's report, as of December 31, 2023, PTFI's gold reserves still amounted to approximately 23.9 million ounces.

This volume decreased by 2.4 million ounces, or 9.1%, compared to the end of 2022 (year-on-year/YoY).

PTFI's gold reserves have been steadily declining since Indonesia acquired a majority stake in 2018.

Cumulatively, from 2018 to 2023, its gold reserves have decreased by 6.3 million ounces, or 20.9%.

The figures presented here are a combined estimate of proven and probable reserves.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."