Freeport Indonesia's spending on copper smelter hits $150 million

PT Freeport Indonesia spent up to US$151.7 million as of July to finance the development of its copper smelter in Gresik, East Java. The project was 3.21 percent complete as of July, which is above the targeted 2.76 percent. “We are currently working on the FEED [front end engineering design] and developing the land,” Freeport spokesman Riza Pratama said. “Physical construction of the smelter will begin around early 2020,” Freeport Indonesia announced that it would invest $2.8 billion to build the copper smelter that is slated for operation by 2022.

October 10 2019, The Jakarta Post - Read 9 times

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