PaninBank has a long history of providing for the banking needs of customers through appropriate, innovative and added value solutions, supported by a nation-wide distribution network and in-depth market knowledge.
Established on 17 August 1971, PT Bank Panin Tbk undertook a series of business transformations in line with its business growth and developments of the national economy.
Total assets as of year-end 2014 amounted to Rp 172,6 trillion, it is one of the top 10 largest national banks. Loan portfolios amounted to Rp 111.9 trillion, third party funds Rp126.1 trillion, while equity Rp 23.2 trillion. PaninBank operates 560 branches spreadout from Aceh to Papua, from the farthest east to west of Indonesia.
PT Freeport Indonesia is a mineral mining company affiliate of Freeport-McMoRan (FCX) and MIND ID Indonesia's Mining Industry. PTFI mines and process ores produces concentrates containing copper, gold and silver. We market concentrates all over the world, and mainly to domestic copper smelter, PT Smelting. We operates in the remote highlands of the Sudirman Mountain Range in Mimika Regency, Papua Province, Indonesia.
Our mines in Grasberg minerals district, Papua – Indonesia is one of the world’s largerst copper and gold deposits. We currently mining the final phase of the Grasberg open pit, which contains high copper and gold ore grades. We have been working on several projects in the Grasberg minerals district related to the development of its large-scale, long-lived, high-grade underground mines. In aggregate, these underground mines are expected to produce large-scale quantities of copper and gold following the transition from the Grasberg open pit.