FCX_Freeport-McMoRan Copper & Gold Inc. - Worldwide Operations, Grasberg Mining Complex: "Description: FCX is engaged in exploration and development, mining and milling of ore containing copper, gold and silver in the Grasberg minerals district.
Did You Know? PT Freeport Indonesia commenced mining operations at this site in 1972 and in 1988 discovered the Grasberg mine. Today, after significant production, the Grasberg mining district contains the world’s largest recoverable copper reserve and the largest gold reserve.
Location: The remote highlands of the Sudirman Range in the province of Papua, Indonesia, which is on the western half of the Island of New Guinea.
Ownership: 90.64% FCX (including 9.36% owned through our wholly owned subsidiary, PT Indocopper Investama); 9.36% the government of Indonesia.
Mines, Processes and Facilities: Three mines are currently in operation: the Grasberg open pit, the Deep Ore Zone (DOZ) underground block cave and the Big Gossan open stoping mine."
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