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FreeportIndonesia

Freeport’s copper export quota triples to 700,000 tons
Business 6 years ago

Freeport’s copper export quota triples to 700,000 tons

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.
Freeport’s gold and copper sales down 50% due to mine transition
Business 6 years ago

Freeport’s gold and copper sales down 50% due to mine transition

Freeport’s consolidated sales are expected to reach 600 million pounds of copper and 800,000 ounces of gold by the end of this year.
Smelter industry urged to develop domestic market amid tight competition
Business 6 years ago

PREMIUM
Smelter industry urged to develop domestic market amid tight competition

PT Smelting, the only copper refining company in the country for the past 20 years, will soon face new competitors as the government is pushing miners to build their own smelter.
Inalum’s assets jump 600 percent in less than three years
Business 6 years ago

Inalum’s assets jump 600 percent in less than three years

Inalum’s assets rose sharply following its acquisition of gold and copper mining giant Freeport Indonesia in December, last year
PT Smelting to process 1.1 million tons of copper concentrate this year
Business 6 years ago

PT Smelting to process 1.1 million tons of copper concentrate this year

Freeport’s exports are projected to decline to 200,000 tons this year from 1.2 million tons last year because of lower production.
Freeport to pay Papua portion of disputed surface water tax
Business 6 years ago

Freeport to pay Papua portion of disputed surface water tax

The two parties agreed to a Rp 1.39 trillion (US$96.4 million) surface water tax, which was smaller than the amount the Papua administration wanted but bigger than what Freeport was initially willing to pay.
Freeport to finish smelter project in 2022
Business 6 years ago

Freeport to finish smelter project in 2022

Gold and copper miner PT Freeport Indonesia (PTFI) president director Tony Wenas said the company was committed to completing its US$2.8 billion smelter in Gresik, East Java, by the end of 2022.
Freeport to fully operate 500-km underground mine in Papua
Business 6 years ago

Freeport to fully operate 500-km underground mine in Papua

The underground mine is also equipped with a mosque and church, toilets and clean water facilities.
Papuan governments haven't agreed over ownership shares in Freeport
Business 6 years ago

Papuan governments haven't agreed over ownership shares in Freeport

State-owned mining holding company PT Indonesia Asahan Aluminium (Inalum) is waiting for a deal to be made between the Papua provincial and Mimika regental administrations on the ownership of 10 percent of the 51.23 percent of shares owned by Inalum in by PT Freeport Indonesia (PTFI).
Two missing, two injured following mudflow at Freeport mine
Business 6 years ago

Two missing, two injured following mudflow at Freeport mine

PTFI spokesperson Riza Pratama said via text message on Thursday that the company had deployed a rescue team to locate the two workers and another team to investigate the incident.
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