What is the value of PT Freeport Indonesia's mineral reserves?

PT Freeport Indonesia (PTFI)'s estimated mineral reserves total US$161.15 billion, or approximately Rp2,352.81 trillion at an exchange rate of Rp14,600 per US dollar. This comprises copper reserves of 38.6 billion pounds, valued at Rp1,690.68 trillion; gold reserves of 33.8 million ounces, valued at Rp625.24 trillion; and silver reserves of 152.6 million ounces, valued at Rp36.9 trillion. These reserve valuations are based on average 2017 realized prices.

In 2017, PTFI's copper production reached 996 million pounds, lower than the previous year's 1.06 billion pounds. Meanwhile, gold production last year amounted to 1.55 million ounces, an increase from the previous year's 1.06 million ounces. PTFI's revenue in 2017 reached US$4.4 billion, up from US$3.3 billion the previous year. Similarly, its profit in 2017 rose to US$1.3 billion, exceeding the previous year's US$579 million.

PTFI is the world's largest gold mining company and a subsidiary of Freeport McMoRan Inc (FCX), with an initial ownership stake of 81.28%. However, after divestment, FCX's ownership stake in PTFI decreased to 48.77%, with the remaining 51.23% held by the Indonesian government. The transaction value for the acquisition of PTFI reached US$3.85 billion, or approximately Rp53 trillion, including payments for Rio Tinto's participating interest and the purchase of shares in PT Indocopper Investama.

(See Databoks: Freeport's Contribution to Indonesia from 1992-2017 Reached US$17.3 Billion)