Is the Grasberg mine still active?
Is the Grasberg mine still active?
It is operated by PT Freeport Indonesia (PT-FI), which used to be 90.64% owned by Freeport-McMoRan (FCX), including 9.36% owned through its wholly owned subsidiary, PT Indocopper Investama….Grasberg mine.
| Location | |
|---|---|
| Financial year | 2016 |
| Owner |
Who owns the Grasberg mine?
Freeport-McMoRan
Located in the providence of Papua, the Grasberg mine sits at an altitude of 14,000 feet in the remote highlands of the Sudiman Mountain Range. The mine is a joint venture between Freeport-McMoRan and mining juggernaut Rio Tinto, with Freeport owning 60 percent of the mine and Rio Tinto owning the remaining 40 percent.
Who found Freeport?
Eric Pierson Swenson
Freeport-McMoRan
| Type | Public |
|---|---|
| Founded | 1912 |
| Founder | Eric Pierson Swenson, et al |
| Headquarters | Freeport-McMoRan Center Phoenix |
| Area served | Worldwide |
What metals does Freeport mine?
We operate large, long-lived geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum.
Does Freeport mine gold?
Through its subsidiary, PT-FI, FCX mines one of the world’s largest copper and gold deposits in the Grasberg minerals district in Papua, Indonesia. Results to date from its underground mines are positive and in line with long-term plans to reach full production rates.
Where is the Grasberg mine in Indonesia located?
Freeport-McMoRan and Government of Indonesia. The Grasberg mine is the largest gold mine and the second largest copper mine in the world. It is located in the province of Papua in Indonesia near Puncak Jaya, the highest mountain in Papua.
How many people work at Grasberg open pit mine?
Around 18,000 people work at the mine, which is operated by PT Freeport Indonesia, a subsidiary of Freeport McMoran Copper & Gold. To support the mine and its workforce PT Freeport has built an airport, a port at Amamapare, 119km of access road, a tramway, hospital, housing, schools and other facilities.
When was the Grasberg copper and gold mine discovered?
The rich copper ore was discovered in the area in 1936, and the Grasberg gold-bearing ore was discovered in 1988. This astronaut photograph illustrates the approximately 4-kilometer-wide open-pit portion of the mine complex; there are also extensive underground mine workings.
Why was there a landslide in the Grasberg mine?
Removal of vegetation, steepening of slopes related to mining activities, earthquakes, and frequent heavy rainfall have resulted in deadly landslides in the mine workings.