The Grasberg Mine is the largest gold mine and the third largest copper mine in the world. It is located in the province of Papua in Indonesia near Puncak Jaya, the highest mountain in Papua, and it has 19,500 employees. It is majority owned through a subsidiary by Freeport-McMoRan, own 90.64% of PT Freeport Indonesia, the principal operating subsidiary in Indonesia, including 9.36% owned through its wholly owned subsidiary, PT Indocopper Investama.
The Government of Indonesia owns
the remaining 9.36% of PT Freeport Indonesia. FCX operates under an
agreement with the Government of Indonesia, which allows Freeport to
conduct exploration, mining and production activities in a 24,700-acre
area (Block A). It also conducts exploration activities in an
approximate 500,000-acre area (Block B). All of Freeport's proven and
probable mineral reserves and current mining operations are located in
The 2006 production was 610,800 tonnes of copper; 58,474,392 grams of gold; and 174,458,971 grams of silver.[2
NOTA: Sayang sekali kerajaan Indonesia hanya milki saham 9.36% lombong emas tersebut dan 90.6% syarikat asing dari USA dan Australia.