The World's Largest Gold Mine Is in Indonesia, Its Reserves Reach 106.2 Million Ounces

INTERNATIONAL, RBTVDISWAY.ID - The Grasberg gold mine in Papua is the world's largest gold mine.

The Grasberg gold mine in Papua is the largest in the world. Grasberg's gold reserves are estimated at 106.2 million ounces.

This gold mine was previously fully controlled by PT Freeport Indonesia (PTFI), a company based in the United States. Recently, Indonesia acquired a 50 percent stake in PT Freeport, represented by PT Inalum, through a lengthy process.

This gold mine is located in Tembagapura, Mimika, Papua. It was first established in 1967, but its operational management has been in place since President Sukarno came to power.

This gold mine was also discovered during the Dutch colonial period.

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Dutch researchers conducted an expedition to search for icebergs in Papua, but who would have thought they would find more than that? They found gold.

Tembagapura used to be a wilderness, but after PT Freeport Indonesia was established, the city of Tembagapura was gradually redeveloped, filled with housing, schools, shopping centers, and other facilities.

Eventually, President Soeharto renamed the city Tembagapura. The presence of this copper, gold, and silver mine has directly transformed the lives of the Papuan people living in the surrounding area.

This largest gold mine in the world produces not only gold but also silver and copper in significant quantities.

Currently, Freeport Indonesia can produce 210,000 tons of gold ore daily, which is further refined to produce 6,000 tons of gold. It's no surprise that the mining process is being carried out deeper to extract more gold.

Gasberg Open-Fit Mine to Close

This closure is not due to the expiration of the contract, but rather the fact that the Gasberg mine no longer has any gold to extract.

However, PT Freeport Indonesia has discovered a new underground mine that produces more gold. The estimated gold reserves are around 1.9 billion tons.

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