Freeport-McMoRan Copper & Gold to Fund Construction of Sports Complex in Papua, Indonesia

Nov 12, 2013 7:00 AM ET
Groundbreaking ceremony for the Mimika Sport Complex

November 12, 2013 /3BL Media/ - PT Freeport Indonesia, an affiliate of Freeport-McMoRan Copper & Gold Inc., recently announced plans to fund and build an international standard Sports Complex in Timika, Papua, in partnership with the local Mimika government.

The Mimika Regency government requested PTFI’s support to help develop sports facilities for local residents and communities in Papua. The Mimika Regency Sports Complex in Timika will have a closed arena for basketball and badminton with an outdoor field seating some 4,000 spectators.  It is also planned to include a housing complex, office block and shopping area. The facilities will help support youth and community activities and promote social cohesion in the rapidly growing town of Timika.

The complex will be constructed over the next 18 months at a cost of approximately $25 million.

For further information about Freeport-McMoRan Copper & Gold Inc.’s social investment commitments, please see: http://www.fcx.com/sd/community/comm_invest.htm

Please see the 2012 Working Toward Sustainable Development Report for more information on Freeport-McMoRan Copper & Gold Inc.’s social, economic and environmental efforts: http://www.fcx.com/sd/pdfs/WTSD_2012.pdf