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Freeport pays $899m in taxes, royalties
JAKARTA: PT Freeport Indonesia, the Indonesian unit of US-owned mining firm Freeport McMoran Copper & Gold Inc, reported that it has paid the government as much as US$899 million in financial obligations in the first semester of this year
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AKARTA: PT Freeport Indonesia, the Indonesian unit of US-owned mining firm Freeport McMoran Copper & Gold Inc, reported that it has paid the government as much as US$899 million in financial obligations in the first semester of this year.
The payment is made up of $581 million in Corporate Income Tax; $137 million in Employee Income Tax, Regional Dues and other taxes, $105 million in royalties, and $75 million in the government’s share of dividend, Freeport Indonesia’s spokesman Ramdani Sirait said in a press statement sent Friday.
Freeport Indonesia operates the Grasberg copper and gold mine in Papua Province. The mine accounts for nearly 40 percent of Freeport’s total copper reserves.
For the full year of 2009, Freeport said it paid its financial obligations to the Government to the sum of $1.4 billion, comprising $1 billion in Corporate Income Tax, Employee Income Tax, Regional Taxes and other taxes and levies, $128 million in royalties, and $213 million in dividends. — JP
