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Freeport commits to building 2 copper manufacturing plants, Bahlil says
According to the energy minister, the gold and copper miner has committed to building two manufacturing facilities in the Gresik SEZ for producing finished copper products, such as foil and cables.
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An employee stands behind a pair of security guards on March 17, 2025, at the entry gate to PT Freeport Indonesia’s copper smelter and precious metal refinery in Gresik, East Java.
(JP/Ruth Dea Juwita)
G
old and copper mining company PT Freeport Indonesia (PFTI) has committed to build two new copper downstream manufacturing plants with an estimated investment of Rp 7 trillion (US$440 million), according to the energy and mineral resources minister.
The new facilities are expected to go beyond smelting and produce finished goods, such as copper foil and cables, supporting the government's broader push to develop the downstream sector.
“Over several discussions, PTFI has committed to developing downstream copper products in line with President Prabowo Subianto’s directive to process copper all the way to finished products,” energy minister Bahlil Lahadalia said on Monday, during the President’s inauguration of Freeport’s precious metals refinery in the Gresik Special Economic Zone (SEZ), East Java.
Read also: Govt to hike copper export levy after Freeport smelter fire
If realized, the new copper processing facilities would be located at PTFI’s Gresik smelter complex.
The complex houses the world’s largest single-line copper smelter, built with a $3.7 billion investment and inaugurated last September by then-president Joko “Jokowi” Widodo.
PTFI told The Jakarta Post on Thursday that the mining firm had not committed to building any additional processing plants and that the energy minister's statement referred only to government plans for further developing downstream industries in the country.
