Indonesia holds a prominent position in supplying the international copper market. Its copper in concentrate production currently ranks fourth in the world after Chile, Peru and China, accounting for approximately 5.0% of the total global copper concentrate supply.
Indonesia
is currently ranked 10th amongst the countries with the highest copper reserves
in the world, estimated at around 24Mt. These substantial reserves are
primarily concentrated in regions like Papua and Java, which serve as the
cornerstone for the country’s sustainable mining operations.
Two Copper Mines in Operation
The Grasberg copper-gold mine in West Papua, the crown jewel of
Freeport McMoRan’s mining empire, is currently the world’s second-largest
copper mine. AME projects that by 2029, it will surpass the current No. 1
Escondida mine in Chile, becoming the largest copper concentrate producer
globally. The sustainability of Grasberg's production projection relies heavily
on the continuous development of its substantial underground deposits.