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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 Inalum Sold Bond US$2B to Refinances Debt, Build Projects
JAKARTA (TheInsiderStories) - Integrated aluminum company, PT Indonesia Asahan Aluminium (Inalum) has successfully issued global bond worth of US$2.5 billion, said the state own enterprises ministry...
Indonesia’s MIND ID Eyes Fresh Funds From Global Bond
JAKARTA (TheInsiderStories) - PT Indonesia Asahan Aluminium (MIND ID), a state-owned miner, looking fresh funds from global bond market. The proposed senior notes get Baa2 with...
US’s Freeport Cuts Investment, Loss in First Quarter of 2020
JAKARTA (TheInsiderStories) - United States (US) miner, Freeport-Mcmoran Inc., (NYSE: FCX) announced an US$800m reduction in 2020 estimated capital expenditure from initial planned $2.8 billion, includes...
Morning Briefing: Indonesia Reviews Foreigner Movement
JAKARTA (TheInsiderStories) - Good Morning! Today, President Joko Widodo has schedule to lead the limited meeting on foreigner movement in Indonesia. While, the central bank'...
