gold reserves in indonesia remained unchanged at 78.54 tonnes in the fourth quarter of 2019 from 78.54 tonnes in the third quarter of 2019. gold reserves in indonesia averaged 82.68 tonnes from 2000 until 2019 reaching an all time high of 96.45 tonnes in the second quarter of 2000 and a record low of 73.09 tonnes in the fourth quarter of 2006.
the government of indonesia owns 51.23% of pt freeport indonesia through indonesia asahan aluminium. fcx operates under a contract of work (cow) agreement with the government of indonesia which allows freeport to conduct exploration mining and production activities in a 27400-acre area (block a).
through its subsidiary pt freeport indonesia (pt-fi) fcx mines one of the world’s largest copper and gold deposits in the grasberg minerals district in papua indonesia. in addition to copper and gold pt-fi produces silver. pt-fi operates in the remote highlands of the sudirman mountain range in the province of papua indonesia which is on the western half of the island of new guinea.
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gold grossed $7.2 million in the united states and canada and $7.6 million in other territories for a worldwide gross of $14.8 million. in the united states and canada gold was released alongside a dog's purpose and resident evil: the final chapter and was projected to gross around $3 million from 2166 theaters in its opening weekend.
the awak mas gold project is held under a 7th generation contract of work (cow) signed with the government of indonesia (goi) in 1998. the cow covers an area of 14390 hectares and is held by nusantara’s owned local subsidiary company pt masmindo dwi area (pt masmindo).