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Related company : FREEPORT INDONESIA

Related company : FREEPORT INDONESIA

Tone : Neutral

Tone : Neutral

 

Freeport denies rumors of reserves depleting in 2041

Summary
Tempo, March 15, 2019
PT Freeport Indonesia (PTFI) president director Clayton Allen Wenas refuted rumors saying that the company's mineral reserves will be depleted by 2041. He said the miner still has billions of numerous types of metal reserves. "Right now we have 1.8 billion stock reserves of copper, gold and silver ores," he said. Tony added that 1.8 billion tons equal to using some 200,000 tons per day. That means 73 tons produced each year. With that calculation, the reserves will last for 24 years or until 2043.
 
 

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