Production of Freeport Copper and Gold Mine in Papua Rises: http://industri.bisnis.com/read/20151024/44/485539/produksi-tembaga-dan-emas-freeport-di-tambang-papua-meningkat/24 October 2015 Contribution of PT Freeport Indonesia (PTFI) related to the production of copper and gold Freeport-McMoRan Inc. increased in the period January-September 2015 compared with the contribution of production in the same period last year, increasing from 465 million pounds to 551 million pounds. Total production of all the Freeport mine has decreased from 2.91 billion pounds in the third quarter last year to 2.89 billion pounds this year. That is, the percentage of copper production at the mine PT Freeport Indonesia in Papua reached 19.03%, higher than the previous contribution of 16%. For the sale of copper, PTFI contributions during January-September 2015 as much as 549,000 pounds or reached 18,77% of total sales of Freeport as much as 2.93 billion pounds.
More significant increase recorded for the gold commodity. As of 30 September 2015, the resulting gold mine in Indonesia reached 887,000 troy ounces (t oz), an increase of gold production in the same period last year of 776,000 t oz. Freeport's overall gold production in this period rose from 846,000 t oz be 907,000 t oz. That is, the contribution of gold from the Freeport mine in Papua throughout the nine months of this year reached 97.79%, an increase of 6.06% compared with the contribution in the same period last year by 91.73%. In terms of sales, PT Freeport Indonesia reached 891,000 t oz per 30 September 2015 or reached 98.02% of the total sales of Freeport as much as 909,000 t oz.
Freeport Will Produce 240 Thousand Gold and Copper Ore in 2019: Source : https://www.viva.co.id/berita/bisnis/1075447-masih-imbas-perang-dagang-as-china-awal-pekan-rupiah-melemah?medium=autonext/17 September 2018 The Director of Mineral Development and Business of Ministry of Energy and Mineral Resources, Bambang Susigit said that PT Freeport Indonesia will work on an underground mining project with block caving system in 2019.
PT Freeport Indonesia has obtained administrative, financial, technical and environmental requirements. In addition, also has the status of Special Mining Business License. Later, Freeport will focus on underground mines. The Grasberg Mine has five large underground mining reserves. An important requirement is the environment, so that Freeport can continue its business. Freeport's production permit is around 300 thousand tons of ore (gold and copper), but only 240 thousand tons are produced.
