Freeport Indonesia launches newly expanded copper smelter

Jakarta to increase stake by 10% in miner in exchange for permit extension

20231214 Copper2

Freeport Indonesia's newly expanded copper smelter in Gresik, East Java province, on Dec. 14. (Screenshot from the Indonesian Presidential Secretariat's YouTube channel)

ERWIDA MAULIA, Nikkei staff writer

JAKARTA -- President Joko "Jokowi" Widodo on Thursday inaugurated Freeport Indonesia's newly expanded copper smelter in Gresik, East Java province, as the government looks to impose a permanent ban on copper concentrate exports next year.

The $250 million expansion project has added to the processing capacity of the smelter run by Smelting, a company jointly owned by the local unit of U.S. mining giant Freeport-McMoRan and Japan's Mitsubishi Materials.

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