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PTFI Prepares IDR 7 Trillion for Mine Closure

kumparan.com

Sun 09 Apr 2023, 12:00 PM

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PT Freeport Indonesia (PTFI) ensures that it prioritizes Environmental, Social, and Governance (ESG) principles in carrying out its business operations. PTFI President Director, Tony Wenas, said this principle can be seen from the Grasberg mine which has been reclaimed after it was not operating. This condition, according to Tony, is also carried out in other areas if they are no longer mining production areas. Although he said, PTFI still has a Special Mining Business Permit (IUPK) until 2042. On the other hand, copper ore reserves managed in the PT Freeport Indonesia IUPK area can still be produced until 2054.

"Besides that, we also plant mangroves with a target of 10 thousand hectares in 2041, and also in 2041 we will already have mine closure documents at a cost of around Rp. Tony to the coil while visiting the Grasberg mining area, in Timika, Papua, Saturday (8/4). Meanwhile, PTFI's social investment funds for the last 29 years or from 1992 to 2021 have reached USD 1.9 billion. Going forward, PTFI will continue social investment of an average of USD 100 million per year until 2041. Tony explained that PTFI had also committed to reduce carbon emissions from mining operations by up to 30 percent. Even so, his party will try to reduce emissions can be above 30 percent.

"So we are doing it, ESG is not ordered or a necessity, but a necessity for operations anywhere, we always have the principle that there is no company that can prevail in the community and environment that fails, no company triumphs or continue better among communities and environments that fail," said Tony. Tony admits that the ESG effort is not easy. He emphasized that good synergy is needed with related parties, especially the Regional Government. Tony ensured that his party would also continue to make efforts to create programs that would benefit the people of Papua. "How do we make programs that can improve not only the nature of the people's lives themselves, but how can they catch up including the digitization program, among other things we also help the Papua Youth Creative Hub Center which in Jayapura we also support for the development of MSMEs," said Tony .

Source: https://kumparan.com/kumparanbisnis/masih-akan-beroperasi-puluhan-tahun-ptfi-siapkan-rp-7-t-untuk-penutupan-tambang-20BCUeCRdAp/full

Image source: kumparan.com

Source Link: https://kumparan.com/kumparanbisnis/masih-akan-beroperasi-puluhan-tahun-ptfi-siapkan-rp-7-t-untuk-penutupan-tambang-20BCUeCRdAp/full

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