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PT Freeport Indonesia (PTFI), operating in the highlands of Mimika Regency, is a subsidiary of Freeport-McMoran Copper & Gold Inc. Total copper production in 2020 significantly increased compared to 2019, but conversely, total gold production in 2020 was lower than in 2019. In 2020, copper production rose by 33.28 percent compared to 2019, while gold production decreased by 1.74 percent.
Mining remains the sector with the highest contribution to Papua's economy, followed by agriculture and construction. To date, Papua's economy is concentrated in Jayapura City, Mimika Regency, and Merauke Regency. Mimika Regency itself is the operational area of PTFI.
The mining sector plays a vital role in Papua's economic growth rate. According to data from Papua Province's Central Bureau of Statistics (BPS), Papua's economy in 2020 grew by 2.32 percent, inclusive of mining. Without mining, however, Papua's economy experienced a contraction of -3.51 percent.
"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."
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