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Freeport Indonesia: From Foreign Control to National Asset

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Algo Research Team

Company | Sep 12, 2025 | Views: 190

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Key Summary:

  • Ertsberg asset was found in 1963, Grasberg in 1988
  • Indonesian government has 51% majority stake in PTFI
  • Company drives Indonesia’s copper and gold production

PT Freeport Indonesia (PTFI) is one of the largest gold & copper producers in Indonesia and globally. It is such a strategic asset that the company has been in a prolonged “tug-of-war” for control with the government since 1991.


How it Began? In 1963, an expedition was conducted by Freeport Mineral under Forbes Wilson & Del Flint to explore Ertsberg (“Ore Mountain”) as part of the company’s global mineral exploration program.

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