{
    "success": true,
    "data": {
        "id": 1680474,
        "msgid": "indonesia-could-receive-a-windfall-of-rp100-trillion-from-this-gold-mine-1776307848",
        "date": "2026-04-16 09:05:00",
        "title": "Indonesia Could Receive a Windfall of Rp100 Trillion from This Gold Mine",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Mining",
        "summary": "PT Freeport Indonesia projects a significant boost to state revenues, potentially reaching US$6 billion (Rp100 trillion) annually from 2028, driven by the ramp-up to full production at its Grasberg Block Cave underground mine. This windfall includes corporate taxes, non-tax state revenues, and dividends, based on stable mineral prices and a daily ore processing capacity of 200,000 tonnes by 2027. The projections underscore the mine's role in enhancing Indonesia's economic contributions from its mining sector, with copper output expected to hit 1.7 billion pounds and gold at 43 tonnes per year from 2028 onwards.",
        "content": "<p>Indonesia could receive a windfall from PT Freeport Indonesia\u2019s gold\nand copper mine, with the company projecting contributions to state\nrevenues surging to US$6 billion, equivalent to Rp100 trillion, per year\nstarting from 2028.<\/p>\n<p>This estimate aligns with plans to achieve normal production capacity\nat the Grasberg Block Cave (GBC) underground mine following the recovery\nphase.<\/p>\n<p>President Director of PT Freeport Indonesia, Tony Wenas, explained\nthat the projected contribution encompasses various components, from\ncorporate taxes and Non-Tax State Revenues (PNBP) to dividends. He\nstated that the payment amounts will continue to grow significantly in\nline with increases in copper and gold metal production volumes.<\/p>\n<p>\u201cIn 2027, the total will increase to US$4.3 billion, or nearly Rp70\ntrillion, and from 2028 onwards, around US$6 billion. This US$6 billion\nequates to approximately Rp100 trillion annually in the form of taxes,\nPNBP, and dividends for the state,\u201d he said during a Hearing with\nCommission VII of the Indonesian House of Representatives (DPR RI) in\nJakarta, quoted on Thursday (16\/4\/2026).<\/p>\n<p>The rise in state payments is based on assumptions of stable mineral\nprices and the return of operations to normal levels of 200,000 tonnes\nof ore per day in 2027. The company uses assumptions of a copper price\nat US$4.75 per pound and a gold price of US$4,000 per ounce in its\nlong-term calculations.<\/p>\n<p>\u201cAnd also with current mineral prices, if we assume copper at US$4.75\nper pound and gold at US$4,000 per ounce, whereas currently gold is\nactually at US$5,000 per ounce,\u201d Tony added.<\/p>\n<p>For the 2028 and 2029 period, copper production volume is predicted\nto reach 1.7 billion pounds of copper, while gold production hits 43\ntonnes per year. These targets represent the highest production levels,\nwhich will be maintained consistently to provide added value for\nshareholders and the state.<\/p>\n<p>\u201cIn 2028, it will already reach a higher level of 1.7 billion pounds\nof copper and 43 tonnes of gold, and thereafter it will hover around the\nfigures like in 2028 and 2029,\u201d he clarified.<\/p>\n<p>To support these targets, PTFI is currently ensuring the reliability\nof mining infrastructure at Grasberg Block Caving. The company is\nundertaking various initiatives to guarantee smooth operations and\nsafety in the underground mine so that production remains sustainable\nthrough 2029 and beyond.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-could-receive-a-windfall-of-rp100-trillion-from-this-gold-mine-1776307848",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}