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Freeport Plans to Build Smelter in Papua After Gresik Smelter Is Completed

katadata.co.id

Wed 12 Oct 2022, 09:00 AM

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PT Freeport Indonesia is looking for opportunities to develop a mineral processing and refining facility, or smelter in Papua, after completing the copper smelter project in Gresik.

This was conveyed by the Chairman of the Board & CEO of Freeport Mc-MoRan, Richard C. Adkerson.

Currently, Freeport is focusing on completing the construction of its second copper smelter in the Java Integrated Industrial Port Estate (JIIPE) Special Economic Zone, Manyar, Gresik, East Java, which is targeted to be completed in 2024.

"In the future, we will look for opportunities to develop processing facilities in Papua.

But now the government has warned us to move quickly," he said in a Scientific Oration: Economic Transformation through Downstreaming with Local Wisdom at Cenderawasih University, Papua, some time ago, Thursday (6/10).

However, with the Covid-19 pandemic and changes in the supply chain that have occurred in the world, inevitably the target must be delayed. "We are 40% complete, we will be completed in 2024.

In the future, there will be our opportunity to build industrial facilities, electrical facilities to support industrial development in Papua.

We are committed to doing that," he added. Based on richard's presentation materials, Freeport's new smelter in JIIPE Gresik, East Java, it will be the largest single-line smelter in the world with a copper processing production capacity of up to 1.7 million tons of concentrate per year.

The top 5 reef-safe sunscreens for 2022 Freeport will also increase the capacity of its first copper smelter, PT Smelting, which is also in Gresik, from a production of 1 million tons to 1.3 million tons of concentrate per year.

In addition, there will also be a precious metal refining facility of 6,000 tons per year.

With an investment of US$ 3 billion, until the end of July 2022, it was recorded that the progress of physical development had reached 39.9% with a total cost absorption of around US$ 1.2 billion.

Concrete work has almost reached 10% with the absorption of 98% of the Indonesian workforce.

Source: https://katadata.co.id/happyfajrian/berita/634402d343001/freeport-berencana-bangun-smelter-di-papua-usai-smelter-gresik-rampung

Image source: katadata.co.id

Source Link: https://katadata.co.id/happyfajrian/berita/634402d343001/freeport-berencana-bangun-smelter-di-papua-usai-smelter-gresik-rampung

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