PT Freeport Indonesia, a Freeport-McMoRan Company, Receives Top Corporate Social Responsibility Awards

Dec 14, 2018 10:50 AM ET
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December 14, 2018 - Business News Indonesia magazine recently presented PT Freeport Indonesia (PTFI) with three corporate responsibility awards for 2018. The three awards are:

  • Top Leader on Corporate Social Responsibility Commitment
  • Top Corporate Social Responsibility in the Mining sector
  • Top Corporate Social Responsibility Infrastructure Program

Some of PTFI’s honored infrastructure programs include the development of the Mozes Kilangin International Airport in Timika, the Mitra Masyarakat Hospital, the Pomako Bridge, the Mimika Sport Complex, and a new potable water facility for the Mimika Regency Administration Office.

PTFI is committed to providing 1 percent of its annual revenue for the development of the indigenous Papuan community through the Freeport Partnership Fund for Community Development. PTFI’s contributions to the Partnership Fund were approximately $44 million in 2017 and over $735 million since its inception in 1996. The Amungme and Kamoro Community Development Foundation (LPMAK) is the Papuan community organization that oversees disbursement of the program funds.

In addition to the $7.3 million invested in community public health programs by PTFI in 2017, the LPMAK, funded by PTFI, directly contributed $13.7 million to community health-care programs, both within and outside the PTFI project area. This included the operation of community hospitals in Timika, in the Lowlands, and Waa Banti villages in the Highlands.

To learn more about how Freeport-McMoRan collaborates with its communities, please see fcx.com.

To read more about Freeport-McMoRan’s social, economic and environmental efforts, see the 2017 Working Toward Sustainable Development Report.