JAKARTA - PT Freeport Indonesia mine in Papua, Indonesia, ready to add investment up to U.S. $ 8 billion-US $ 17 billion, or up to Rp 153 trillion in three years from 2016-2018.
The statement by the Senior Manager of Government Relations Affairs Freeport Rusdinar Yuni in the discussion at the Hotel Interncontinental MidPlaza, Jakarta, Thursday (12/07/2012).
"For the years 2016-2018 Freeport set up U.S. $ 8-17 billion for mining investment. Currently Freeport 10 thousand hectares, while the quota of 25 thousand hectares of the Mining Act," said Yuni.
He said that, from 1992 to 2011, Freeport had paid U.S. $ 13.8 billion in taxes to the government of Indonesia. Investments that have been issued for Freeport in Papua was U.S. $ 8.6 billion. "Freeport is committed to not want to shrink its mining in Indonesia," said Yuni.
On the same occasion, Vice President of Freeport Indonesia Ranti Rini said that Freeport is currently not willing to build the mine processing plant (smelter) in Indonesia. The reason the price of goods resulting from mining processing (smelting) are not competitive.
"So far, Freeport had a 25% stake in smelter in Gresik, collaboration with Mitsubishi. World market price for smelting 18 cents / pound, but we sell smelting 56 cents / pound, so it is too expensive," said Rini.
The largest of the world
The statement by the Senior Manager of Government Relations Affairs Freeport Rusdinar Yuni in the discussion at the Hotel Interncontinental MidPlaza, Jakarta, Thursday (12/07/2012).
"For the years 2016-2018 Freeport set up U.S. $ 8-17 billion for mining investment. Currently Freeport 10 thousand hectares, while the quota of 25 thousand hectares of the Mining Act," said Yuni.
He said that, from 1992 to 2011, Freeport had paid U.S. $ 13.8 billion in taxes to the government of Indonesia. Investments that have been issued for Freeport in Papua was U.S. $ 8.6 billion. "Freeport is committed to not want to shrink its mining in Indonesia," said Yuni.
On the same occasion, Vice President of Freeport Indonesia Ranti Rini said that Freeport is currently not willing to build the mine processing plant (smelter) in Indonesia. The reason the price of goods resulting from mining processing (smelting) are not competitive.
"So far, Freeport had a 25% stake in smelter in Gresik, collaboration with Mitsubishi. World market price for smelting 18 cents / pound, but we sell smelting 56 cents / pound, so it is too expensive," said Rini.
The largest of the world
Until now the complex's Grasberg gold mine PT Freeport Indonesia (PT-FI) in Papua, Indonesia still be the largest in the world to date. Besides gold, the mine was also producer of copper and silver.
PT Freeport Indonesia Corporate Communications, Daisy K. Primayanti states, last year the mine produced 1.44 million ounces of gold, or approximately 40.8 kg (1 ounce = 28.35 grams). If the current gold price of say $ 500 thousand, then of gold alone could generate approximately Rp 20 trillion.
"The production capacity of PT Freeport in 2011, including with our joint venture partners (Rio Tinto) amounted to 882 million lbs of copper, and 1.44 million ounces of gold," said Daisy, Saturday (07/14/2012).
According to Daisy, the mine production capacity in the current fluctuates, depending on several factors, namely the following levels of minerals and mine sequencing and conducive security situation in the surrounding environment.
Last year the company managed to sell 846 million pounds of copper and 1.3 million ounces of gold from the mine in Papua. Peak production occurred Freeport gold and copper in 2001 and 2009.
"The level of production in 2001 and 2009 in the range of 238 000 thousand tons of ore (processed) per day," he said.
During this time, said Daisy, Freeport market concentrates containing copper, gold, and silver all over the world after meeting domestic needs through PT Smelting Gresik in accordance with the Contract of Work.(*)
PT Freeport Indonesia Corporate Communications, Daisy K. Primayanti states, last year the mine produced 1.44 million ounces of gold, or approximately 40.8 kg (1 ounce = 28.35 grams). If the current gold price of say $ 500 thousand, then of gold alone could generate approximately Rp 20 trillion.
"The production capacity of PT Freeport in 2011, including with our joint venture partners (Rio Tinto) amounted to 882 million lbs of copper, and 1.44 million ounces of gold," said Daisy, Saturday (07/14/2012).
According to Daisy, the mine production capacity in the current fluctuates, depending on several factors, namely the following levels of minerals and mine sequencing and conducive security situation in the surrounding environment.
Last year the company managed to sell 846 million pounds of copper and 1.3 million ounces of gold from the mine in Papua. Peak production occurred Freeport gold and copper in 2001 and 2009.
"The level of production in 2001 and 2009 in the range of 238 000 thousand tons of ore (processed) per day," he said.
During this time, said Daisy, Freeport market concentrates containing copper, gold, and silver all over the world after meeting domestic needs through PT Smelting Gresik in accordance with the Contract of Work.(*)
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