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| Grasberg open pit mine at Tembagapura provinces of Papua Irian Jay seen from the heights |
The largest Gold Mine in world, Grasberg mine located some 60 miles north of Timika, at Tembagapura provinces of Papua Irian Jaya, and is the most eastern provinces at the country Indonesia. Grasberg mine is a joint venture between Freeport-McMoRan Copper & Gold (67.3%) and mining juggernaut Rio Tinto (13%), Government of Indonesia (9.3%) and PT Indocopper Investama Corporation (9.3%). Grasberg mine operator is PT Freeport Indonesia (a subsidiary of Freeport McMoRan Copper and Gold)
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| Grasberg open pit mine in the Jayawijaya Mountain glaciers at Papua Irian Jaya provinces Indoonesia |
The story of the Grasberg mine at Tembagapura provinces of Papua Irian Jaya began in the mid-1930s when Dutch colonists discovered copper deposits in the Jayawijaya Mountain glaciers in Papua Irian Jaya. PT Freeport Indonesia commenced mining operations in 1972 and in 1988 discovered the Grasberg mine. The Grasberg mining district contains one of the world’s largest recoverable copper reserve and the largest gold reserve. About 800 people working in mines Grasberg at Tembagapura provinces of Papua Irian Jaya
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