PT Freeport-Indonesia’s Partnership Fund for Community Development (LPMAK) provides healthcare to residents of Mimika Regency in Papua, Indonesia, at the Mitra Masyarakat Hospital in Timika.
The hospital opened in 2000 and is now a four-star accredited healthcare facility, providing access to healthcare for a previously underserved community.
In 1996, PT Freeport Indonesia (PTFI) established the Freeport Partnership Fund for Community Development (the ‘Partnership Fund’), through which PTFI has made available funding and technical assistance to support the economic, health, education and social development for the indigenous Papuan community. Through the Partnership Fund, PTFI has committed to provide one percent of its annual revenue for the development of the local community.
PTFI’s contributions to the Partnership Fund were approximately $44 million in 2017 and over $735 million since its inception in 1996. PT Freeport Indonesia invests in the future of the local community where it operates.
To learn more about how Freeport-McMoRan supports the communities in which it operates, please visit fcx.com.
Please see the 2017 Working Toward Sustainable Development Report for more information on all of their social, economic and environmental efforts.
KEYWORDS: PT Freeport-Indonesia’s Partnership Fund for Community Development, LPMAK, four-star accredited healthcare facility, Mitra Masyarakat Hospital, Timika, Papua, NYSE:FCX, Freeport McMoRan