Freeport open for Sumbawa smelter
6:11 PM
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Gold and copper miner PT Freeport indonesia (PTFI) is still open to building a new smelter in Sumbawa, West Nusa Tenggara, even though the company has officially submitted a proposal to the government to develop such a facility in Gresik, East Java.
the largest gold mine in the world
PTFI has pledged to develop the new smelter, worth US$2.2 billion, inside the Java integrated industrial and Port Estate in Gresik by 2022. The facility will have an annual input capacity of 2 million tons of copper concentrate.
However, PTFI also signed a memorandum of understanding with another gold and copper miner, PT Amman Mineral Nusa Tenggara, on Aug. 31, 2017 to conduct a joint study on the prospect of jointly developing a new smelter in Sumbawa near the latter’s mining sites.
However, PTFI also signed a memorandum of understanding with another gold and copper miner, PT Amman Mineral Nusa Tenggara, on Aug. 31, 2017 to conduct a joint study on the prospect of jointly developing a new smelter in Sumbawa near the latter’s mining sites.
Tony Wenas
"We have proposed a plan to the.government to develop our new smelter in Gresik. But we have also reached an agreement with Amman to conduct a joint study. So, it’s still possible [to develop it in Sumbawa]’ PTFI executive vice president Tony Wenas said.
Meanwhile, Amman hasstarted developing its own copper smelter with an input capacity ot 660,000 tons in Sumbawa. As of mid-February, the development progress ot Amman's smelter had reached 10.1 percent, higher than PTFI’s facility in Gresik of only 2.4 percent.
"If Amman jointly develops the new smelter with PTFI, the planned input capacity of the two companies will be combined,” Amman smelter project coordinator Lukman Nlahfoedz said. "But it is up to PTFI whether it will continue this cooperation or not.
the Jakarta Post, Page-14, Friday, March 9, 2018
"If Amman jointly develops the new smelter with PTFI, the planned input capacity of the two companies will be combined,” Amman smelter project coordinator Lukman Nlahfoedz said. "But it is up to PTFI whether it will continue this cooperation or not.
the Jakarta Post, Page-14, Friday, March 9, 2018
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