Freeport West Papua is Biggest Gold reserves owned by the United States of America

Gold prices soared and reached its highest level this week. Over the past 10 years, commodity prices have shot mine from U.S. $ 275 per ounce to $ 1,300 per ounce as of September 2010.

Spike in gold prices are drastically affected by a number of factors. One is the purchase of a large scale by a number of countries.

What about in Indonesia? Based on data from PT Precious Metals, gold prices in the country had now reached the highest level throughout 2010. The price of gold on one production unit of PT Aneka Tambang Tbk was reached Rp382 thousand per gram on September 30, 2010.

In addition due to increased demand, the surge in gold prices also supported the dollar decline against a number of world currencies.

The high price of gold in international and domestic market it also has the potential to boost the coffers of companies operating in Indonesia. One of these is Freeport-McMoRan Copper & Gold Inc., through PT Freeport Indonesia.

However, when confirmed, the management of Freeport Indonesia has yet to give a detailed explanation.

"If it's the number I can not explain," said a spokesman for Freeport Indonesia, Ramdani Sirait, when contacted VIVAnews in Jakarta, Thursday, September 30, 2010.

However, based on Freeport-McMoRan by the end of 2009, Freeport Indonesia is the largest revenue contributor for holding gold mining company based in Phoenix, Arizona, U.S..

Freeport Indonesia recorded a revenue of U.S. $ 5.9 billion, far exceeding the Freeport company operating in North America with revenues of U.S. $ 4.8 billion.

In fact, Freeport Indonesia has also outperformed the company in Freeport groups operating in South America and Europe. In South America, the Freeport company's revenue contribution there of U.S. $ 3.8 billion, while Europe was only U.S. $ 1.89 billion.

In total, revenue from Freeport-McMoRan companies operating in several countries during 2009 reached U.S. $ 15.04 billion.

Not just for the Americas, Freeport also pays benefits directly to Indonesia. Freeport Indonesia has paid to the Indonesian government for U.S. $ 1.01 billion, higher than the Freeport company in South America with a payment of U.S. $ 507 million.

Meanwhile, during the period April to June 2010, Freeport Indonesia has also made the payment obligations to the Indonesian government for U.S. $ 634 million or around Rp 5, 7 trillion.

Deposit to the Indonesian government that consists of income tax of U.S. $ 490 million, employee income tax, local taxes and other taxes amounting to U.S. $ 106 million, and royalties of U.S. $ 38 million.

Thus, the total payments during 2010 to June Freeport has reached U.S. $ 899 million dollars, or about Rp 8, 1 trillion.

While the total financial obligations according to contract provisions that refer to 1991 and was paid by Freeport Indonesia to the Indonesian government since 1992 up to June 2010 recorded U.S. $ 10.4 billion.

Not long ago, Freeport-McMoRan, Freeport Indonesia's mother has also decided to distribute cash dividends of U.S. $ 0.3 cent per share to be paid to shareholders on 1 November 2010. Indonesia Today

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