The Grasberg mine in Indonesia is the world's largest and richest gold mine, producing 48 tonnes of gold a year, and has reserves worth an estimated $40 billion.

Freeport McMoRan (FCX) is a BUY as copper and gold prices surge. Despite recent setbacks, the stock offers untapped potential ...

Deep in the rugged mountains of Papua, Indonesia, one of the most astonishing mining operations on Earth continues to shape the global metals market. The Grasberg Mine, often referred to as the ...

Indonesian President Prabowo Subianto will inaugurate a smelter or gold refining facility through Precious Metal Refinery in ...

Experts view PTFI’s gold refinery as a major step for the national gold industry, but whether Indonesia can become a major ...

Gold mining has been a cornerstone of global economies for centuries, fueling industries and driving financial markets. Countries with vast gold reserves often ...

PTFI has forecast a 7.2 percent decline in copper output as well as a 9.2 percent decline in gold output this year, resulting ...

Indonesia will issue Freeport Indonesia a six-month permit to export copper concentrate while its smelter is repaired, which will also ensure the government continues to receive royalty payments, the ...

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals.

Gold mining has been a big industry for centuries ... Grasberg is owned by PT Freeport Indonesia, a joint venture between the Indonesian government and American mining giant Freeport-McMoRan.

In Indonesia, where Freeport operates the Grasberg copper and gold mine, Quirk said the company expects to reach an agreement soon with Jakarta that would allow copper concentrate exports by the ...