In the heart of Seine-Saint-Denis, one of Paris’s youngest and most working-class departments where half of the 11-year-olds cannot swim, the legacy of Paris 2024 is set to benefit the local community.
PT Freeport Indonesia, a Freeport-McMoRan company, commissions the University of Indonesia’s Institute of Economics and Social Research to conduct economic impact assessment of PT Freeport Indonesia’s operations. The most recent study, conducted in 2012, measured PT Freeport Indonesia’s economic impact on a local, regional, and national level from 2006 to 2011. The study revealed that PT Freeport Indonesia contributed to up to 94.7 percent of the gross domestic product of the Mimika Regency, 45.4 percent of Papua Province, and 0.8 percent of Indonesia. The prior study, conducted in 2009, concluded that the multiplier effect of PTFI’s workforce created 227,000 direct and indirect work opportunities, including 128,000 direct and indirect work opportunities in Papua alone.
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