Freeport-McMoRan’s PT Freeport Indonesia Partnership Fund Supports Education for Indigenous Schoolchildren in Papua
August 3, 2018 /3BL Media/ - PT Freeport-Indonesia’s Partnership Fund for Community Development (LPMAK) provides educational facilities and support for local community members.
The LPMAK sponsors the children of the seven local indigenous tribes near the PTFI operations to attend boarding school. Children from ages 6-11 live in dormitories at the Taruna Papua Boarding School, which was built with funding from the LPMAK. Currently the Taruna Papua Boarding School has 412 students enrolled and residing there. This is just one of four boarding schools the LPMAK has provided for Papuan schoolchildren in the Mimika Regency and Central Java.
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 and freeportinmycommunity.com.
Please see the 2017 Working Toward Sustainable Development Report for more information on all of their social, economic and environmental efforts.