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PT Freeport Indonesia (PTFI) reported that it has deposited Rp7.73 trillion for the central government and several regional governments from the company's net profit throughout 2024. The regions which receive a share include, among others, the Central Papua Provincial Government, Mimika Regency as the producing region, and other regencies in the province.
PT Freeport Indonesia (PTFI) informed that the development of the Kucing Liar underground mining project within Grasberg mine in Mimika Regency, Central Papua Province requires capital expenditure (capex) of US$500 million (about Rp8.2 trillion) per year. PTFI President Director Tony Wenas said that the estimated capex is needed for the next 7-8 years, adding that the Kucing Liar mine would be PTFI's fourth in the Grasberg area.
Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia revealed that PT Freeport Indonesia (PTFI) has received an extension of its copper concentrate export permit until June 2025. Part of the reasons underlying the decision, which is against the Indoensian government's industrial downstreaming mission, include the condition of PTFI's smelter, which was affected by a fire.
State-Owned Enterprises (SOEs) Minister Erick Thohir stated that the gold purchase cooperation between PT Freeport Indonesia (PTFI) and PT Aneka Tambang (Antam) provides great benefits for the Indonesian economy.
The Central Papua Province Micro, Small, and Medium Enterprise (MSME) Office has distributed industrial and small and medium enterprise (SME) equipment to local business actors. Central Papua Governor Expert Staff for Community, HR, and Special Autonomy Development Ukkas said that the handover of this assistance was a form of government concern and commitment in supporting the small, medium, and micro-enterprise industry sector to grow further.
PT Honay Ajkwa Lorentz and PT Tambang Mineral Papua did a groundbreaking ceremony for the HONCEN Capital Expenditure (Capex) Site in Mimika Regency, Central Papua Province where a cement and a ceramic factory will be built. The event was combined with a traditional stone burning ceremony held on the Trans Nabire Mile 32 road, specifically in the Kali Waga-waga field.
Acting Central Papua Province Public Works and Public Housing (PUPR) Office Head Bernard conveyed during the 79th Public Works Service Day commemoration ceremony at the Old Nabire Airport on Dec. 3, 2024 that the Central Papua PUPR Office is committed to accelerating infrastructure development through collaboration with the PUPR Ministry.