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Papuan Mines Contribute 16 Percent to Freeport McMoRan's Revenue

24/07/2017 15:20 WIB

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Freeport-McMoRan Inc. Revenue Segmentation, Q1 2017

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Papuan Mines Contribute 16 Percent to Freeport McMoRan's Revenue

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Freeport-McMoRan Inc. Revenue Segmentation, Q1 2017

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Grasberg mine in Papua contributed 15.96 percent to Freeport McMoran Inc.'s sales. The company's first-quarter 2017 financial report (traded on the FXC exchange) shows Grasberg mine revenue of US$534 million out of total sales of US$3.34 billion.

The largest portion of the US mining company's sales came from Rod & Refining, amounting to US$1.1 billion, or approximately one-third of total sales. The second largest contribution came from its South African mines, at US$752 million (Note: This figure likely contains a typographical error; it should probably be US$752 million, not billion).

Freeport operates three mining concessions: South Africa, Papua, and North America. Copper and gold mining in Grasberg is Freeport's second-largest operation after South Africa. Freeport's gold sales from Papua reached 177,000 troy ounces (ozs) out of a total of 182,000 ozs.

"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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Papuan Mines Contribute 16 Percent to Freeport McMoRan's Revenue

Papuan Mines Contribute 16 Percent to Freeport McMoRan's Revenue

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Related Data

Construction Cost Index of Biak Numfor Regency, Papua 2025

Number of Freeport Indonesia Workers in Gresik until 2025

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The royalty payments from Freeport are expected to increase by 24.64% in 2024.

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Papuan Mines Contribute 16 Percent to Freeport McMoRan's Revenue

Papuan Mines Contribute 16 Percent to Freeport McMoRan's Revenue

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Related Data

Construction Cost Index of Biak Numfor Regency, Papua 2025

Number of Freeport Indonesia Workers in Gresik until 2025

Freeport Indonesia's Gresik Workforce to Reach 712 in 2024

The Number of Papuan Workers at Freeport Will Decreased in 2025

The royalty payments from Freeport are expected to increase by 24.64% in 2024.

Coal, Indonesia's Mining Commodity with the Largest Export Value in 2025

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