freeport to refine some copper concentrate in papua smelter

Freeport to refine some copper concentrate in Papua ...

Mar 06, 2015  One of the world' s copper and gold giants, PT Freeport Indonesia, has pledged that it would process some of its copper concentrate at a smelter to be built by the Papua

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Freeport Indonesia to resume copper concentrate output on ...

Mar 09, 2017  The Indonesian unit of Freeport-McMoRan Inc is targeting to resume production of copper concentrate on March 21 at its giant Grasberg mine in Papua, its spokesman said on Thursday, amid an ongoing ...

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China solves Freeport's $3 billion problem in Indonesia ...

Nov 29, 2020  Unlike nickel, copper refining is a notoriously marginal business when the final process of turning concentrate into copper cathode adds only 5% to the overall value. By some estimates, any new Gresik smelter would have lost $10 billion over the next 20 years.

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Smelter for Papua, but Not Freeport Indonesia’s

The choice of Gresik, where Freeport Indonesia and another copper miner, Newmont Nusa Tenggara, currently send much of their concentrate for processing at a smelter run by the Indonesian company Smelting, did not sit well with officials in Papua, including Governor Lukas, who demanded that Freeport Indonesia set up a smelter there to create ...

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Indonesia lifts demand on Freeport to build Papua smelter ...

Indonesia has dropped its demand that Freeport-McMoran Inc build a $1.5 billion copper smelter in Papua province, saying a regionally owned enterprise would take on the project instead, website ...

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Freeport asked to build smelter in Papua, not in Gresik ...

Dec 24, 2014  The government has asked Freeport Indonesia to build a smelting facility in Papua, where the company' s giant copper and gold mine is located,

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House pushes for Freeport smelter location in Papua ...

Feb 03, 2015  The House of Representatives is pushing the government to make copper giant PT Freeport Indonesia establish its smelter in Papua, increasing

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Freeport Indonesia Promises to Build Copper Smelter in ...

Jun 12, 2019  JAKARTA (TheInsiderStories) – PT Freeport Indonesia (PTFI) is aiming to start construction of a copper smelter in 2020, PTFI President Director Tony Wenas told reporters on Wednesday (06/12). The smelter is scheduled to start production in late 2023 with a total capacity of 2 million tonnes (MT) of copper concentrate. Currently, PTFI is looking for a []

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Freeport Confident of Meeting 2023 Smelter Target After ...

Aug 26, 2019  Tony said Freeport expects its new smelter to face similar challenges. "But this is our commitment," he said. Tony added that Freeport's smelter plant would produce about 550,000 tons of copper annually and enough anode sludge to allow a third party to produce between 30 and 60 tons of gold and 120 tons of silver per year.

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COPPER CONCENTRATES: SMELTING TECHNOLOGIES

INTRODUCTION •Sulphide copper accounts for almost 80 percent of world mine production and more than 2/3 of Chilean production and its expected to grow its share over the time. •Smelting arise as a strategic process for copper producer countries. Chile maintains around 9 percent of global smelting

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Freeport set to have smelter operational in five years ...

The smelter is to refine copper concentrate produced by PT Freeport Indonesia, which has large copper and gold mine in Grasberg Papua. An Indonesian law regulation bans exports of unprocessed minerals that necessitates mining companies to process their mineral ore to be processed in the country.

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PT Freeport Indonesia

PT Smelting is able to refine and process 1 million tons of copper concentrate to 300.000 tons of copper cathodes annually to meet domestic and overseas production needs. With this processing capacity, PTFI has been able to process and refine 40% of the total copper concentrate produced in Papua.

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Mining Renegotiations: Freeport Indonesia Builds Copper ...

Indonesia’s Trade Ministry granted Freeport a permit to export 1.1 million tons of copper concentrate worth at least USD $2.3 billion for the remainder of the year. Freeport Indonesia already owns a 25 percent stake in a copper smelter in Gresik, PT Smelting. Mitsubishi Materials Corporation has a 60.5 percent stake in this smelter.

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Indonesia's grand plan to sink world's richest mine - Asia ...

Jun 10, 2020  Like Freeport, industry experts have been adamant from the start that the final 5% stage of refining the Grasberg’s concentrate into copper cathode hardly justifies the huge cost of a smelter, even as part of President Joko Widodo’s strongly cherished venture into more industrial development.

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Association Calls for Freeport's Copper Refinery - en.tempo.co

TEMPO.CO, Jakarta - The Indonesian Smelters Association suggested that the government should offer private companies to process and refine Freeport Indonesia's copper concentrate, since the giant mining company has not yet built smelters. "For copper, the government should take over and offer the refinery to other companies. The government should confirm whether Freeport will build a smelter ...

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China solves Freeport’s $3bn problem in Indonesia - The ...

Unlike nickel, copper refining is a notoriously marginal business when the final process of turning concentrate into copper cathode adds only 5% to the overall value. By some estimates, any new Gresik smelter would have lost $10 billion over the next 20 years.

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Freeport to reduce Indonesian mining activities: smelter ...

Feb 08, 2017  Freeport's Grasberg mine in Papua, Indonesia, is the world's second-largest copper mine, and recent disruptions there have helped support a jump in copper prices. Grasberg had aimed to produce around one-third of the Freeport's total copper output this year, up from less than a quarter in 2016, as it digs into higher-grade ores.

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China solves Freeport’s $3 billion problem in Indonesia ...

Dec 01, 2020  Unlike nickel, copper refining is a notoriously marginal business when the final process of turning concentrate into copper cathode adds only 5% to the overall value. By some estimates, any new Gresik smelter would have lost $10 billion over the next 20 years.

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Miners, smelters still divided on copper processing charges

Nov 27, 2020  For 2020, it was set at $62 a tonne and 6.2 cents per lb by China's Jiangxi Copper and Freeport-McMoRan Inc, whose Indonesian unit operates Grasberg, the world's second largest copper

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Freeport in Jokowi's Indonesië - vereniging Kobe Oser

Furthermore, Sjamsuddin suggested that despite the construction of a copper smelter in Gresik, the investments of Freeport in West Papua in the coming years would be many times greater. However this was not a very honest comparison to make, as Sjamsuddin was referring to future investments in the mine itself, not to the industrial development ...

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P.T. SMELTING, GRESIK SMELTER - mmc.co.jp

PTS equity partners are Mitsubishi Materials with 60.5%, PT. Freeport Indonesia with 25%, Mitsubishi Corporation with 9.5%, and Nippon Mining and Metals Co. Ltd. with 5.0%. The entire smelter feedstock comes by ship from Freeport Grasberg mine on West Papua, some 2,600 kilometers to the East.

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ENVIRONMENT Freeport-McMoRan

Freeport is committed to implementing the new Global Industry Standard on Tailings Management. As a member of ICMM, Freeport-McMoRan Inc. confirms it agrees to the following statement: As of its official launch on August 5, 2020, all ICMM members are committed to implement the Global Industry Standard on Tailings Management.

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Freeport-McMoRan l FCX

FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum.

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Freeport Awaiting Indonesian Permit to Ship Copper ...

Jan 29, 2014  PT Freeport Indonesia owns 25 percent of PT Smelting, the country’s only copper smelter. The remaining concentrate is shipped to Spain and Asian buyers. Deferring Production

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Freeport Close to Resuming Indonesia Copper Exports ...

Mar 30, 2017  Freeport McMoRan Inc's Indonesian unit is close to reaching a deal that will allow the mining giant to temporarily resume copper concentrate exports from its Grasberg mine in Papua, Indonesia's mining minister said on Thursday. Indonesia stopped Freeport's concentrate exports in

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PT Smelting - Gresik - Sulphuric Acid

The smelter is adjacent to Petrokimia Gresik, a government owned fertilizer company, which utilizes all of the smelter sulfuric acid. - Smelter and refinery will treat copper concentrate produced by PT Freeport Indonesia in Irian Jaya (Papua) - Total Project cost: $626 million - Design capacity: 200,000 metric tons of copper metal: References

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Freeport lower 2021 copper charges signal sixth drop for ...

Dec 15, 2020  Freeport-McMoRan Inc has agreed copper treatment and refining charges (TC/RCs) for 2021 with four Chinese smelters at 4% below this year’s

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Freeport should build two new Indonesia copper smelters by ...

Dec 23, 2014  Freeport-McMoRan Inc needs to build two Indonesian copper smelters at a cost of around $4 billion by 2020, a government official said, as talks resumed between the miner and Jakarta over the firm's future ...

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Indonesia says may delay 2017 ban on copper concentrate ...

Earlier this week, Indonesia dropped its demand for Freeport to build a $1.5 billion copper smelter in Papua province, saying a regionally owned enterprise would take on the project instead.

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OUR HISTORY Freeport-McMoRan

Freeport-McMoRan Inc. (“FCX”), formerly known as Freeport-McMoRan Copper Gold Inc., was established in 1988 following the discovery of the Grasberg copper and gold deposit in Papua, Indonesia, when FCX’s former parent company, then known by the New York Stock Exchange trading symbol of “FTX”, sold 20 percent of the company in an initial public offering, or IPO.

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No Relaxation for Freeport - MEDIA MONITORING GOLD MINE

Grassberg Gold Mine PT Freeport Indonesia (PTFI) PT Freeport Indonesia (PTFI) has asked the government that the copper refining plant or smelter, which originally had to operate in 2023, is postponed to 2024. This is because the building contractors said they could not build a smelter

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The Freeport saga OBSERVER

Freeport has also found itself under extreme duress over government requirements for the company to refine its copper concentrate, hence forcing it to invest in a multi-billion dollar smelter. Copper and gold mining executives in Indonesia have long argued that smelters are not commercially feasible and actually provide very little value-added ...

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UPDATE 4-Freeport makes compromise to end years of ...

Aug 29, 2017  * Freeport can now apply for 10-yr Grasberg permit extension * Grasberg is world's 2nd biggest copper mine * Timing, valuation of 51 pct divestment yet to be finalised * Freeport says makes "major concession" on divestment, smelter (Adds Freeport statement, share move) By Wilda Asmarini and Hidayat Setiaji

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Freeport-McMoRan - Wikipedia

The current company was created in 1981 through the merger of Freeport Minerals, formerly Texas Freeport Sulphur Company and McMoRan Oil Gas Company, becoming Freeport-McMoRan Inc. . Early history. Freeport Sulphur Company was founded July 12, 1912 by the eldest son of Svante Magnus "E.M." Swenson, banker Eric Pierson Swenson, with a group of investors, to develop sulfur mining at

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Freeport Indonesia: Copper Export Ceased another Fatal ...

Today, Freeport Indonesia and the Indonesian government will continue negotiations regarding the miner’s request to export 575,000 tons of copper over the next six months. Freeport’s previous export permit expired on 25 July and as the local unit of US mining giant Freeport McMoRan has not yet met demands of the government it failed to get an extension for copper concentrate exports.

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Freeport questions Indonesia's demand for smelter deposit

Indonesia's demand that Freeport McMoRan Inc pay a deposit for a new smelter to continue exporting copper concentrate is "inconsistent" with an agreement reached between the two sides in mid-2014 ...

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Miners, smelters still divided on copper processing charges

Copper miners and smelters are late agreeing charges for processing concentrate for next year, three sources with knowledge of the talks said, with smelters seeking a rollover while miners are pointing to a tight spot market. The first settlement between a major copper miner and a Chinese smelter in the annual mating season is usually during negotiations in November and serves as the benchmark ...

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Freeport, China Copper fix 2021 copper concentrate charges ...

Singapore — Copper miner Freeport-McMoRan and Chinese smelter China Copper International have agreed on the 2021 contractual treatment and refining charges at $59.50/ton (5.95 cents/lb), market sources told SP Global Platts Dec. 14.

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