PROJECTS
MINE : GRASBERG MINE
The Grasberg Mine in Indonesia is considered the world ’ s largest gold mine . Accord Reuters , the gold deposits in the mine are estimated to value roughly $ 16.2 billion .
The company with the most investment and mining operations in the area is Freepo Inc . Due to changing licensing agreements and the expiration of a previous agreem government in Indonesia , the company is renegotiating its options for future mining
While the mine is expected to show lower than average production , negotiations su company will see positive changes in the future . A key factor impacting the compan demands of the Indonesian government . The government expects to own almost 2 McMoRan Indonesia by the end of the year and has demands for 30 percent owne result , a portion of the company ’ s profits will return to the country for mining rights
10 May 2016