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Thohir Asks ex-Mining Land of Freeport Indonesia for ANTAM

JAKARTA (TheInsiderStories) - The state own enterprises (SOEs) minister, Erick Thohir, sent a permit letter to minister of energy and mineral resources (MEMR), Arifin Tasrif, to...

Freeport Indonesia’s Production Rises 9% in the 2Q of 2020

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) ore production capacity at the Grasberg Block Cave and Deep Mill Level Zone (DMLZ) underground mines reached 54,800 metric...

Freeport Indonesia Build New Smelter in East Java

JAKARTA (TheInsiderStories) - The second-biggest copper miner in the world, PT Freeport Indonesia (PTFI), expects to start the construction of a new smelter, processing and...

Freeport Indonesia In-talks With Banks for Smelter Project’s Financing

JAKARTA (TheInsiderStories) - Gold and copper miner, PT Freeport Indonesia (PTFI) in-talks with local and foreign bank to get a syndicate loans to build smelter project in...

Freeport Indonesia Prepares US$3B to Build Smelter

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) prepared an initial investment US$3 billion to build smelter in the country, said its holding today (10/23). The...

Freeport Indonesia Gets Permit to Export 500,000 Tons of Copper

JAKARTA (TheInsiderStories) - The Energy and Mineral Resources ministry give a license for PT Freeport Indonesia (PTFI) to increase copper export quotas with amount 500,000...

Freeport Indonesia Gropes Pocket US$1B to Dig Grasberg Underground Mine

JAKARTA (TheInsiderStories) - A local miner, PT Freeport Indonesia (PTFI) grope pocket over US$1 billio to dig underground mine in Grasberg, Papua. To increase the...

Freeport Indonesia Asks for 300 Thousand Tons Export Quota Addition

JAKARTA (TheInsiderStories) - Gold and copper miner, PT Freeport Indonesia (PTFI) proposed an additional quota of concentrate production of 200-300 thousand tons, this is...

Freeport Indonesia to Invest US$15B until 2041

JAKARTA (TheInsiderStories) – Gold and copper miner, PT Freeport Indonesia (PTFI) plans to increase the investment value of US$15 billion in Grasberg underground mining...

Freeport Indonesia Promises to Build Copper Smelter in 2020

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) is aiming to start construction of a copper smelter in 2020, PTFI President Director Tony Wenas told reporters...

Freeport Indonesia Estimated to Generate Profit of US$2B by 2022

JAKARTA (TheInsiderStories) - Gold and copper miner, PT Freeport Indonesia (PTFI) is predicted to generate a profit of US$2 billion in 2022, said senior official yesterday...

Freeport Indonesia Gets Operating Permit Until 2031

JAKARTA (TheInsiderStories) – Ministry of Energy and Mineral Resources (MEMR) gave an extension for PT Freeport Indonesia' (PTFI) operating permit, through a Special Mining...

Officially Inalum to Hold 51% Freeport Indonesia Shares After Long Discussions

JAKARTA (TheInsiderStories) – Finally, the PT Freeport Indonesia (PTFI) divestment shares signed after a long years of discussion. The signing ceremony between the state-owned miner PT Indonesia...

Inalum to Takes Over 45.78% Freeport Indonesia Shares for US$3.85B

JAKARTA (TheInsiderStories) - Indonesia's state-owned enterprises PT Indonesia Asahan Aluminium (Inalum) takeover 45.78 percent shares of PT Freeport Indonesia (PTFI) from Freeport-McMoRan Gold & Copper...

Freeport Indonesia To Closes Open-pit Mine in 2019

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) will close the operation of the open-pit gold mine in Grasberg, Papua--where the ore body occurs near the...

Inalum Now Controls 9.36% Shares of Freeport Indonesia

JAKARTA (TheInsiderStories) - Indonesian aluminum producer PT Indonesia Asahan Aluminium (Inalum) now owns 9.36 percent of the shares of PT Freeport Indonesia, after the...

Amman Mineral proposes to jointly use smelter with Freeport Indonesia

JAKARTA (TheInsiderStories) – PT Amman Mineral Nusa Tenggara (AMNT), previously known as Newmont Nusa Tenggara (NNT) is proposing to PT Freeport Indonesia to jointly...

Former Indonesian Minister Accused There is a Fraud on Freeport Deal

JAKARTA (TheInsiderStories) - Former Indonesian Minister of Energy and Mineral Resources, Sudirman Said, accused there is a fraud on the PT Freeport Indonesia (PTFI)...

Indonesia Has PTFI, But the Control Still in Freeport-Mcmoran’s Hands

JAKARTA (TheInsiderStories) --  The acquisition process of the PT Freeport Indonesia (PTFI) majority shares to PT Indonesia Asahan Aluminum (Inalum) was completed on Friday...

Freeport-McMoran Gains Sales Rocket from Indonesia Mines

JAKARTA (TheInsiderStories) — Global miner Freeport-McMoran Gold & Copper Inc., (NYSE: FCX) recorded ripping financial growth in the third quarter (3Q) of 2018, amid...

Breaking News: Indonesia Will Signs Freeport Deal Today

JAKARTA (TheInsiderStories) - Indonesian government through the state-owned miner PT Indonesia Asahan Aluminium (Inalum) will sign the Sales and Purchase Agreement on the share sales...

Indonesia Extends Freeport’s Special Mining Permit for One Month

JAKARTA (TheInsiderStories) - After extended for couple months, again Indonesia will extend the special mining permit for PT Freeport Indonesia (PTFI) for another month to...

This Is How Indonesian Government Giving Freeport More Headache

JAKARTA (TheInsider Stories) - Indonesia's plan to implement new environmental standards later this month is likely to hurt US mining giant Freeport-McMoRan's ((NYSE: FCX) operations deeply,...

Indonesia Will Summon Freeport on Environmental Damage

JAKARTA (TheInsiderStories) - Indonesian Government to sue the U.S. gold and copper miner Freeport Mcmoran Inc. (NYSE: FCX) for polluting the environment, said one...

Policy Brief: Indonesia Bad Deal with Freeport

JAKARTA (TheInsiderStories) – The long-drawn-out negotiations between the Indonesian government and U.S. miner Freeport McMoRan Inc. (NYSE: FCX) has resulted in absolutely no progress, although...

Indonesia Receives US$112M Dividend from Freeport

JAKARTA (TheInsiderStories) – The Government of Indonesia has received a Rp1.4 trillion (approx. US$112 million) payout from PT Freeport Indonesia, a subsidiary of US-based Freeport McMoRan...

Indonesia’s SOEs, Local Government Merges to Buy Freeport Shares

JAKARTA (TheInsiderStories) - U.S mining giant Freeport-McMoRan Inc. (FCX) had agreed to divest a 51 percent stake in its Indonesian unit, bringing an end...

Indonesia’s ANTAM Reportedly to Increases Weda Bay Nickel’ Shares

JAKARTA (TheInsiderStories) - The state-owned miner, PT Aneka Tambang Tbk (IDX: ANTM) is reportedly planning to increase its ownership in a nickel producer, PT Weda Bay...

Freeport-Mcmoran Wants to Expand Copper Smelter in Gresik

JAKARTA (TheInsiderStories) - American miner, Freeport-McMoRan Inc., (NYSE: FCX) aimed to expand its existing copper smelter at Gresik, East Java by 30 percent, said the company...

ANTAM, PLN, Pertamina Forms Indonesia Battery Holding

JAKARTA (TheInsiderStories) - State-run firms, PT Aneka Tambang Tbk (IDX: ANTM), PT Perusahan Listrik Negara (PLN), and PT Pertamina, plans to form a new venture...