Indonesia to extend copper export permit
Indonesian President Joko Widodo on Wednesday said the country will extend the copper concentrate export permit for Freeport Indonesia and Amman Mineral Nusa Tenggara, which is set to expire on May 31, 2024.
Freeport is preparing to ship as much as 900,000 tonnes of copper concentrate from its Grasberg mine. Photo courtesy of miningweekly.com.
The President lauded the construction of a Freeport smelter in Gresik, East Java, which will refine 1.7 million tonnes of copper concentrate and produce up to 600,000 tonnes of copper cathodes per year.
He also assured that the government is continuing to monitor the smelter construction process, which has almost reached completion.
Jokowi emphasised that the government appreciates that Freeport and (PT) Amman (Mineral) have built the smelter. It is almost complete and the government always monitor the progress weekly.
He added that the smelter construction demonstrates the strong willingness of Freeport and PT Amman to support the downstream industry in Indonesia.
Earlier, PTFI had proposed another extension (relaxation) of exports of copper concentrate and anode mud until the Manyar smelter in Gresik, East Java, becomes fully operational by the end of 2024. The main products made by the smelter are copper cathodes, pure gold and silver bars, and platinum group metal (PGM). Its additional products include sulfuric acid, gypsum, and lead.
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