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Freeport Indonesia (IDX: PTFI) plans to start building its smelter in the first quarter of 2020. The smelter will be located in Gresik, East Java.
Freeport miner still has billions of numerous types of metal reserves.
President Joko "Jokowi" Widodo met with former Freeport Indonesia worker representatives at the Presidential Palace today.
Losses to the environment from the Freeport waste amounts to Rp185 trillion. The government must not wash its hands off the problem.
Inalum CEO optimistic his office will be able to book US$1bn revenue per year once Freeport's underground mine starts operations.
Inalum Director said that Freeport will generate annual revenue of USD 4 billion starting from 2023
Inalum will invest US$1.1 billion to US$1.4 billion per year for the management of the Grasberg underground mine site at Freeport Indonesia.
Freeport Indonesia's copper concentrate export is expected to free fall following the drop in production this year.
The Ministry of Energy and Mineral Resources (ESDM) said it has completed the draft of a special mining business permit (IUPK) for Freeport Indonesia.
PT Freeport Indonesia is temporarily prohibited from doing any kind of mining activities until the investigation of recent accidents is completed.
The mining giant PT Freeport Indonesia could continue its operation until 30 December 2021.
The company`s total investment for the community development program for the period of 1992-2014 had reached US$1.3 billion
Freeport`s projects have had positive impacts on Indonesia`s economic growth, particularly in Papua, the energy and mineral resources minister says
The agreement of investment plan between mining giant PT Freeport Indonesia and the government would bring positive impacts
The government vows to immediately resolve the new regulations related to the stock release for mining permit holders.
Freeport will hold flag ceremony in Deep Mill Level Zone (DMLZ) mining area which is located 1.4 kilometers below ground level.
President Widodo will decide the US-miner's business license status once Bappenas submitted its report on a study of providing Freeport with an IUPK.
The Energy and Mineral Resource Ministry said that they are considering to extend concentrated copper exports of PT Freeport Indonesia.
Freeport`s shares will be gradually offered to the public till 2019 or two years prior to the expiry of its contract.
The smelter will produce sulfuric acid as a byproduct, which will be supplied to Petrokimia Gresik as a material to manufacture NPK fertilizers.