Papuan Mines Contribute 16 Percent to Freeport McMoRan's Revenue

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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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Papuan Mines Contribute 16 Percent to Freeport McMoRan's Revenue

Papuan Mines Contribute 16 Percent to Freeport McMoRan's Revenue

Tags

Related Data

Mining Concessions in the Land of the Birds of Paradise Concentrated in Central Papua 2025

Papua's Special Autonomy Fund Tends to Increase until 2025

Indonesia's 2024 Land Quality Index: Papua is the Best

Forest Area for Plantations and Mining in Aceh, North Sumatra, and West Sumatra 2012-2024

Environmental Crimes in Indonesia Increased in 2024, Here are the Types

Jayapura City, Papua Construction Cost Index Reaches 126.76 Points in 2025

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