On the other hand, the mining industry still exports copper concentrate and some copper cathodes produced by smelting. As a result, the added value obtained by Indonesia from copper is not optimal.

Freeport Indonesia has started construction on an IDR42 trillion ($3bn) copper smelter and precious metals refinery in East Java, Indonesia. A groundbreaking ceremony in this regard at the Java Integrated Industrial and Ports Estate (JIIPE) in Gresik was attended by Indonesian President Joko Widodo. Freeport Indonesia is a joint …

At this time, PT Smelting is the first and only copper smelter in Indonesia; The smelter takes in 40-50% of PTFI's output; In support of the industry downstreaming policy, PTFI is expanding or building an additional new …

Consolidated unit net cash costs for Q2 2024, which were previously estimated at $1.57 per lb. of copper, are currently estimated to approximate $1.77 per lb. for the quarter, principally ...

Indonesia announced on Wednesday that Tsingshan and Freeport were close to reaching the $2.8 billion deal. The smelter could produce copper pipes and wires with an output value of $10 billion, a ...

Freeport Indonesia CEO Rozik Sutjipto told reporters on Monday that the two companies had agreed to look into the feasibility of building a $2.2 billion, 300,000 tonne-capacity smelter to process ...

FCX +3.98%. Indonesian copper smelter operator PT Smelting, a joint venture between Mitsubishi Minerals Corp and PT Freeport Indonesia, inaugurated on Thursday an expansion in capacity of its smelter facility in East Java. The processing capacity was expanded to 1.3 million metric tons of copper concentrate, from 1 million …

Throughput consumptions of different flowsheets simulated and calculated by HSC-SIM for an annual feed of 1.2 Mt concentrate with 27% Cu. Figure 2. Calculated operating expenses in MUSD, 1.2 Mtpa, 27% Cu. Detailed Opex Comparison Of Modern Copper Smelting Technologies Using Hsc-Sim. by Ali Bunjaku, Hannu Johto, Lauri …

Through its subsidiary, PT-FI, FCX mines one of the world's largest copper and gold deposits in the Grasberg minerals district in Papua, Indonesia. In addition to copper and gold, PT-FI produces silver. FCX has a 48.76 percent interest in PT-FI and manages its mining operations. PT-FI's results are consolidated in FCX's financial statements.

old 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 ...

Independent verifiers confirmed that the copper smelter's construction progress had reached 76.1 percent, surpassing the planned 72.4 percent (105.1 percent). The precious metals refinery (PMR) construction progress stood at 72.7 percent, exceeding the 72.1 percent target (100.7 percent).

June 27, 2024. The Gresik smelter is expected to achieve full capacity by December 2024. Credit: Alexa from Pixabay. Copper mining company Freeport Indonesia has commissioned its $3.7bn Gresik copper smelter in East Java, reported Reuters. The smelter is expected to meet the surging demand for copper essential for renewable …

PT SMELTING. PT Smelting, built in 1996 together with a Japanese Consortium and operated by Mitsubishi, is PTFI's first smelter that was built as part of PTFI's compliance to the Contract of Work II. Located in Gresik, East Java, PT Smelting is the first copper smelter facility in Indonesia. PT Smelting is able to refine and process 1 ...

Freeport Indonesia Smelter is designed to have a copper concentrate processing capacity of 2 million tons per year, making this smelter the largest copper processing site in the world.

Agung Laksamana, Freeport Indonesia's executive vice president of external affairs, said that "substantial" construction of the smelter would reach completion by the end of 2023. He ...

PT. Smelting, a consolidated subsidiary of Mitsubishi Materials Corporation, has been expanding the processing capacity of copper concentrate at its Gresik Smelter & Refinery in Gresik District, East Java Province, Indonesia. The expansion project will be completed by the end of this year as originally planned, and production will increase …

Stock image. Indonesian copper smelter operator PT Smelting, a joint venture between Mitsubishi Minerals Corp and PT Freeport Indonesia, inaugurated on Thursday an expansion in capacity of its ...

Indonesian authorities have for months said that a deal would be made between Freeport Indonesia and the Chinese steel and nickel company to build a new copper smelter worth $2.8 billion.

Through this expansion, PT Smelting's copper smelter is now capable of increasing its smelting capacity from 300,000 tons to 1.3 million tons of copper concentrate per year. PT Smelting is jointly owned by Japan's Mitsubishi Materials Corporation and the Indonesian state-owned enterprise, PT Freeport Indonesia.

PT Freeport Indonesia (PTFI) President Director Tony Wenas has confirmed that the copper smelter in the Java Integrated Industrial Port Estate (JIIPE) …

December 28, 2021 - You know you've got a mighty big project on your hands when the president of the country shows up at your groundbreaking. That level of interest shouldn't be surprising considering the smelter now under construction by PT Freeport Indonesia has been in discussion for years, and just the site preparation at the 100-hectare site (about …

These are intended to maximize the utilization of raw materials, by-products, and waste, achieving high efficiency in the smelting and refining process. Currently, 60 percent of PTFI's copper concentrate production is exported, with the remaining 40 percent refined domestically through PT Smelting in Gresik, East Java, to produce copper …

Courtesy of Taganito HPAL Nickel Corporation. Chiyoda entered into Metals and Mining business fields with PT Smelting copper smelter and refinery construction project in Gresik, Indonesia, which we awarded in …

JAKARTA, Dec 6 (Reuters) - Indonesian state auditors have recommended the energy ministry fine Freeport Indonesia for delays in its plan to build a copper smelter, estimating that such a penalty ...

PT Smelting processes copper concentrate produced by Freeport Indonesia, a unit of Freeport-McMoRan, from the Grasberg mine in Indonesia's Papua …

It means that Indonesia will soon have three copper smelters – PT Smelting Gresik, which has been operating as the single in-country smelter since 1996, plus the …

Consolidated unit net cash costs for Q2 2024, which were previously estimated at $1.57 per lb. of copper, are currently estimated to approximate $1.77 per lb. for the …

The CRU Copper team sets the standard for providing in-depth market analysis and forecasts, price assessments and cost analysis for the global copper industry. Indonesia's importance to the global …

PT. Smelting is the first copper smelter and refinery in Indonesia. PT. Smelting use Mitsubishi technology in Copper smelting process and ISA technology in copper refining process. Mitsubishi process is a continuous process of smelting and converting, with a friendly environment and economically. ... read more. MAIN PRODUCT: CATHODE …

Indonesia's PT Smelting, a joint venture between Mitsubishi Materials Corp and Freeport Indonesia, on Saturday launched construction of a 3.2 trillion rupiah ($223 million) expansion of its East ...