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THE GRASBERG MINE The Grasberg Mine is located in the province of Papua, Indonesia, in the Sudirman Mountains. The mine is owned and operated by PT Freeport Indonesia (PTFI), a subsidiary of Freeport-McMoRan Copper & Gold Inc. (FCX). It is a copper and gold mine, with ore reserves containing copper, gold, and silver. The mine is one of the largest gold mines and the third-largest copper mine in the world. There are estimated reserves of 106.2 billion pounds of copper and 104.2 million ounces of
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