Freeport breaks ground on $3 billion copper smelter in Gresik

Gold and copper mining giant PT Freeport Indonesia (PTFI) has begun constructing its copper smelter in Gresik, East Java, ending months of uncertainty over the fate of the US$2.8 billion project. President Joko “Jokowi” Widodo inaugurated on Tuesday the project for the smelter slated to begin operations in 2023 or 2024. PTFI said that progress on the construction had reached 8 percent. The smelter will process 1.7 million tons of copper concentrate annually into 600,000 tons of copper cathode, which can be further processed into electrical wiring, pipes and car batteries, among others products.

October 13 2021, The Jakarta Post - Read 43 times

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