Freeport Boss Says Gresik Smelter to be Finalized May 2024
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27 September 2023 02:21 WIB
TEMPO.CO, Jakarta - President Director of Freeport Tony Wenas reported the progress development of a copper smelter in Gresik, East Java. "At the end of August [the development] reached 76% of progress," he said when met at Safe Forum 2023 in Jakarta on Tuesday, September 26, 2023.
"Hopefully, the physical construction of this smelter will reach 100% at the end of the year and begin operation in May 2024," he explained.
Earlier in 2021, Freeport Indonesia kick-started the development of Gresik Smelter and targeted the finalization for next year. The smelting factory is said to have a 1.7 million tonnes per year production capacity and 6,000 tonnes per year production capacity of precious metal refinery.
Meanwhile, the smelter will produce copper cathodes, gold and silver bullion bars, platinum group metals, and additional products such as sulfuric acid, gypsum, lead, and slag.
The Freeport smelter is projected to produce 600,000 tonnes of copper, 50 tonnes of gold, and 210 tonnes of silver each year.
Freeport Indonesia through this project has realized US$2.2 billion of investment through May 2023. The smelter has also absorbed US$3 billion.
AMELIA RAHIMA SARI | ANTARA
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