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Freeport seeks extension of copper concentrate export permit
Gold and copper mining company PT Freeport Indonesia plans to request a permit to export copper concentrate until December 2024.
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President Joko “Jokowi” Widodo (right) speaks on Sept. 1, 2022, with Richard Adkerson (left), director of the Freeport-McMoRan Copper and Gold company, at the Grassberg mine in Mimika, Central Papua, during Jokowi’s visit. (AFP/Presidential Palace)
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T Freeport Indonesia (PTFI) plans to request an extension until the end of next year of its copper concentrate export permit, which expires in May.
The gold and copper mining company expects its Manyar copper smelter and refinery in Gresik, East Java, to be fully operational by then.
“We have discussed [the issue] with the government and hope that we will still be able to export [copper concentrate] until the end of 2024, until December,” PTFI president director Tony Wenas told reporters in Jakarta on Monday.
The US$3 billion Manyar smelter, which is forecast to be the largest single-line smelter in the world, is expected to produce 600,000 tonnes of copper cathode annually.
Read also: Indonesia to allow Freeport, Amman Mineral to ship copper concentrate until 202
Energy and Mineral Resources Ministry secretary general Dadan Kusdiana said the application for the export permit extension was still being discussed with other ministries.
“There will be a discussion, [there] has to be communication [with] the Finance Ministry, etc; this is a process,” he said in Jakarta on Monday.
