Freeport’s Contribution to the Papuan Economy, the Highest on a National Scale

goodmorningpapua.com – Papua is a province with the highest economic growth rate at the national level in the third quarter of 2021, which is 14.54 percent. This figure is far beyond Indonesia’s national economic growth rate in the third quarter of 2021, which only reached 3.51 percent. The mining activity that PT Freeport Indonesia (PTFI) carried out in Mimika Regency was one of the main contributors to the high rate of economic growth in Papua during that period.

Data from the Central Statistics Agency (BPS) states that the mining and digging sector is the largest contributor to Papua’s high economic growth rate in the third quarter of 2021, with growth of 37.56 percent (year on year/yoy).

Papua’s high economic growth rate in the third quarter of 2021 cannot be separated from the contribution of the mining and quarrying sector, including by PT Freeport Indonesia, as one of the vital sectors capable of moving the Papuan economy in the midst of all the challenges of the pandemic.

“Without the support of the mining and digging sector, Papua’s gross regional domestic product (GRDP) at constant prices (ADHK) only grew 2.42 percent in the third quarter of 2021,” said a Head of BPS Papua Province Adriana Helena Robaha, Wednesday 15 December 2021.

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PTFI’s high contribution to the achievement of Papua’s economic growth rate is directly proportional to the increase in PTFI’s production throughout the third quarter of 2021. During July to September 2021, PTFI’s copper ore production reached 956 million tons, or an increase of 76.05 percent compared to the same period in 2017 before (yoy).

Meanwhile, PTFI’s gold production figure reached 968 thousand ounces, or increase of 67.76 percent (yoy). “PT Freeport Indonesia is grateful that our increased production has helped boost significant economic growth for Papua in the third quarter of 2021.

“We recognize that this good achievement for Papua involves the role of all stakeholders, including PTFI employees and the community who continue to support the sustainability of our operations in Mimika,” said PTFI President Director Tony Wenas.

The increase in PTFI’s production also goes hand in hand with PTFI’s efforts to improve the welfare of the communities around its operational areas, which indirectly contributes to Papua’s high economic growth rate.

In the midst of all the impacts of the COVID-19 pandemic, PT Freeport Indonesia together with the Mimika Regency Government, Timika Diocese, the Amungme and Kamoro Community Empowerment Foundation (YPMAK), and various other partners continue to strive to maintain the economic resilience of the community through various direct assistance, development and capacity building programs of community for entrepreneurship.

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“The Mimika Regency Government appreciates PTFI’s initiative to develop Papua, especially Mimika. PT Freeport Indonesia’s development is not only realized through the high rate of economic growth in Papua, but is also reflected in improving the well-being of the communities around PTFI’s operational areas, in line with the development goals of the Mimika area,” said Yohana Paliling, Head of the Mimika Regency Planning and Development Agency (Bappeda). .

PTFI will continue to realize its commitment to contribute to Papua by promoting collaboration and synergy with the government and various other stakeholders to support the government in efforts to accelerate the achievement of the Sustainable Development Goals (SDGs).

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