Marking 59th Anniversary, PTFI Runs Safe and Sustainable Operations

PT Freeport Indonesia (PTFI) commemorated its 59th anniversary with reflection and tribute, remembering nine employees who perished in incidents over the past year. In the series of commemorative events, PTFI’s management paid respects to seven employees who died due to a wet material landslide incident in the underground Grasberg Block Cave (GBC) mine area on 8 September 2025, and two employees who died in two shooting incidents in February and March 2026. “We remember them with deep sorrow and respect. Losing family members is a profoundly sad event for us all. We hope that similar incidents, whether landslides or shootings, or other events that endanger safety, will not occur in the future,” said PTFI President Director Tony Wenas, quoted on Thursday (9/4/2026). On that occasion, Tony also inspected the open-pit Grasberg mine area and the underground Deep Mill Level Zone (DMLZ) mine, and laid flower wreaths as a form of tribute to the victims. He also motivated all employees to continue operations by prioritising safety, and to ensure extra security from security forces, given PTFI’s status as a national vital object. “Entering its 59th year, PTFI records a long journey as one of the companies with the longest operating period in Indonesia. 59 years is not a short time. Few companies, especially foreign investments, can survive this long in Indonesia,” said Tony. Throughout 2025, PTFI contributed around Rp70 trillion to the state in the form of taxes, royalties, dividends, and other revenues. PTFI also continues to commit to providing direct benefits to communities around its operational areas through various social investment programmes. Tony said that in 2025, the value of PTFI’s social investments reached nearly Rp2 trillion and will continue to increase by about US$100 million or equivalent to Rp1.5 trillion per year until the end of mining operations. This commitment runs parallel to the company’s contribution in creating jobs, with more than 30,000 workers, of which around 40% are indigenous Papuans. “Going forward, we are optimistic that this contribution can continue to increase, in line with the still relatively high mineral commodity prices. In addition, we consistently implement strict safety and operational standards as part of our commitment to responsible mining practices,” said Tony. It is known that PTFI’s operations are currently in the recovery phase after the incidents, with production levels only reaching around 40% to 50%. The company targets to approach 100% by the end of this year and achieve full capacity in the early quarter of next year. Tony emphasised that PTFI continues to strengthen safety aspects in the recovery of underground mine operations, and adds security personnel in the Grasberg area to ensure safe and sustainable production. “We are committed to delivering safe, secured, and sustainable production, so that the maximum benefits can continue to be felt by the nation and state, as well as the communities around the operational areas. We will continue to grow and develop together with the community until the end of mining operations,” said Tony.