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Freeport Indonesia, Incorporated

$50 million
Project Brief
Not Active

MIGA's $50 million guarantee provides security for this U.S. company's $500 million expansion of a copper, gold and silver mining project in Irian Jaya, Indonesia. Freeport McMoran's expansion of its existing and successful mining operation will enable it to contribute to the domestic economy through increased earnings, employment and local procurement. The guarantee covers loss arising from breach of contract and war risks for a period of 14 years.