April 24, 2017 7:59 PM ET

Metals and Mining

Company Overview of PT Freeport Indonesia

Company Overview

PT Freeport Indonesia engages in the exploration, mining, and processing of copper, gold, and silver ores in the highland areas of Mimika District, Papua Province, Indonesia. The company specializes in open-pit mining method in Grasberg, and underground mining in deep ore zone. It markets concentrates containing copper, gold, and silver worldwide. The company was founded in 1972 and is based in Jakarta, Indonesia. PT Freeport Indonesia operates as a subsidiary of Freeport-McMoRan Inc.

Jl. H. R. Rasuna Said Kav. X-7 No. 6

Plaza 89, Lt. 5

Jakarta,  12940

Indonesia

Founded in 1972

Phone:

62 21 259 1818

Fax:

62 21 259 1945

Key Executives for PT Freeport Indonesia

President and Chief Operating Officer
Age: 73
Deputy President Director and Executive Vice President of External Affairs
Advisor to Executive Committee
Deputy President Director
Compensation as of Fiscal Year 2016.

PT Freeport Indonesia Key Developments

Chappy Hakim Resigns from PT Freeport Indonesia as President Director

PT Freeport Indonesia's president director Chappy Hakim has resigned after the miner declared force majeure on copper concentrates shipments from its Grasberg mine.

Freeport Indonesia Looks To Sell Stake Through IPO

Chappy Hakim, the incoming Chief Executive Officer of PT Freeport Indonesia, said that, Freeport Indonesia is seeking to sell a 10.64% stake through an Initial Public Offering (IPO).

Freeport Indonesia Seeks IPO

Freeport-McMoRan Inc. (NYSE:FCX) hopes to sell a 10.64% stake in its Indonesian subsidiary through an initial public offering ('IPO), its incoming chief executive said on November 23, 2016. PT Freeport Indonesia is required by the Indonesian government to divest the stake and "the two sides see that going to the stock exchange is the best option," the incoming Chief Executive Officer, Chappy Hakim told reporters. It is unclear if the Indonesian government will buy the stake when it goes on sale.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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