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The Grasberg mine has the largest reserve of gold and the second-largest reserve of copper in the world. It is located in Mimika Regency, Papua, Indonesia near Puncak Jaya, the highest mountain in the country. It has 19,500 employees. 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 However since 2018 in negotiation on extending the permit of the mining operation the government of Indonesia managed to own 51.23% of PT Freeport Indonesia through Indonesia Asahan Aluminium and PT Indonesia Papua Metal & Mineral, a company co-owned with the Papua Province's government, while FCX only owned 48.76 FCX operates under a Contract of Work (CoW) agreement with the government of Indonesia, which allows Freeport to conduct exploration, mining and production activities in a 11,100-hectare (27,400-acre) area (Block A). It also conducts exploration activities in a 167,000 ha (413,000 acres) area (Block 😎. All of Freeport's proven and probable mineral reserves and current mining operations are located in Block A. The mine has three mining operations: the open pit, the Deep Ore Zone underground mine, and the Big Gossan underground mine. A fourth, the Deep Mill Level Zone, is being developed. The 2016 production was 482,000,000 kilograms (1,063,000,000 lb) of copper, 33,000,000 grams (1,061,000 ozt) of gold; and in 2016 sales of 90,000,000 grams (2,900,000 ozt) of silver. The concentrate is delivered by pipeline to Amamapare. In August 2017, FCX announced that it will divest its ownership in PT-FI so that Indonesia owns 51%. In return the CoW will be replaced by a special license (IUPK) with mining rights to 2041 and FCX will build a new smelter by 2022. ____________________________________________ West Papua Liberation Organization (WPLO) www.oppb.org [email protected]