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View all search resultsGold and copper mining giant PT Freeport Indonesia (PTFI) plans to expand its existing copper smelter as the company tries to distance itself from a new smelter project that is still encouraged by the authority.
Operations have resumed at the world's biggest gold mine in Indonesia, the company that runs it said Saturday, after workers blocked access to the site in protest at being stopped from visiting their families over virus concerns.
Gold and copper miner PT Freeport Indonesia has agreed to meet the demands of its employees at the Grasberg complex in Tembagapura, Papua, after more than 1,000 workers blocked access to the world’s biggest gold mine.
The move is aimed at ensuring workers at the world’s biggest gold mine and second-biggest copper mine can socially distance effectively and avoid any further spread of the virus, which has infected 17,514 and killed 1,148 in Indonesia, a Freeport Indonesia spokesman said.
The Energy and Mineral Resources Ministry decided this month to increase mining company Freeport Indonesia’s copper concentrate export quota to 700,000 wet metric tons (wmt), more than triple the previous quota of 198,282 wmt.
The government has issued another temporary permit extension for gold and copper miner PT Freeport Indonesia as the divestment process of shares from Freeport-McMoran (FCX) to state-owned mining holding company PT Indonesia Asahan Aluminium (Inalum) is still incomplete.
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