Freeport Indonesia Tbk is in talks with state-owned power
enterprises and other companies over the economic viability of
building a new copper smelter in Indonesia, vice president of
corporate communications Daisy Primayanti said Aug. 26.
The company, a
subsidiary of Phoenix-based Freeport-McMoRan Copper & Gold
Inc., is conducting a feasibility study for the smelter that
will take three to four months to complete.
The company said
earlier this month that it would support PT Indosmelt and PT
Indovasi Mineral Indonesia in assessing the economic
feasibility of a new smelter and support other interested
amm.com, Aug. 13).
government has been pushing mining companies downstream to
process raw materials into refined products before exporting
them ahead of a 2014 export ban on minerals.
PT Freeport Indonesia
has constructed the only Indonesian copper smelter facility,
located in Gresik and run by PT Smelting Co., a joint venture
between PT Freeport and Japans Mitsubishi Materials
"We have one smelter
in Gresik where 40 percent of concentrate (from Grasberg) is
being shipped," Primayanti said.
The company said it
remains open to selling more concentrate domestically if it can
get competitive pricing based on the prevailing international
A version of this
article was first published in AMM sister publication Metal