indonesia is ginormous. but of all the 260 million people in indonesia, its biggest tax payment every year comes from arizona, comes from this american company. it s just huge. in our presidential election this past year, do you remember when indonesia had a weird little cameo role? it was in the republican primary. it came up. it was so strange, so inexplicable but unexplained. at the time and until now, it didn t ever make sense until now. and i love it when a story like, you know, doesn t make sense for a year, and then all of a sudden it does. it rarely happens when you get it so clearly, like light dawns on marblehead, oh, that s why that happened. in this case, light dawns on marblehead, now we get it. it started off strangely with no explanation. it was last september, 2015.
still mine copper in arizona and they mine copper in new mexico and in colorado. but they are a gigantic firm. and they re a global operation. in south america, they mine copper in chile, peru. in indonesia, they operate the largest gold mine in the entire world, which is also the third largest copper mine in the world, which is also a huge silver mine as well. this is an american company, but the physical footprint that freeport has in indonesia, it isn t just visible from space. it s easily visible from space. it s massive. their mine in papua province in indonesia, is basically a massive upside down mountain. it s almost a half million acres. they first discovered mineral wealth there in the 1930s when it was a dutch colony, by the
famous for around the globe. it is also unappreciaby massive, both geographically and economically. freeport s operation in indonesia is so big, in indonesia that company is the single biggest taxpayer for the whole country. and it s not like indonesia is some rinky-dink country. indonesia has 260 million people. the biggest countries on earth by population are china first, then india, then us, then indonesia. indonesia is ginormous. but of all the 260 million people in indonesia, its biggest tax payment every year comes from arizona, comes from this american company. it s just huge. in our presidential election this past year, do you remember when indonesia had a weird little cameo role? it was in the republican primary.
they would very much like to extend that contract. they have a big new underground mine that they want to build there too along with their biggest gold mine in the world. and that politician, that indonesian speaker of the house, the guy standing there with trump who got introduced at that press conference, that politician was caught on tape telling the mining company that yeah, he could get them an extension of their contract, in fact he could get them a 20-year extension of that contract with the indonesian government, they could get a deal to operate in that country until 2041, if they could provide him with a little something. they would have to hand over 20% of the company. shares worth roughly $4 billion. he said they could hand that over, what do we call it, an administrative fee? they would have to hand that over through him. he would pass the money on to the president and vice president of indonesia. and that is how freeport could get their new contract with the government of
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