Vice President Ma'ruf Amin expressed appreciation for the economic contribution made by PT Freeport Indonesia (PTFI) and the multiplier effects generated by the Manyar smelter project underway. He said PTFI has so far spent US$ 1.63 billion or equivalent to Rp 25 trillion, out of a total investment cost of US$ 3 billion, equivalent to Rp 45 trillion.
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Indonesian Coordinating Minister of Economy Airlangga Hartarto is optimistic construction of the Manyar smelter belonging to PT Freeport Indonesia (PTFI) will be completed on time in December 2023. Currently, the smelter’s construction progress has reached 51.7%.
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PT Freeport Indonesia (PTFI) has ascertained work on the copper concentrate smelter project located in the JIIPE Special Economic Zone (KEK) in Gresik, East Java achieved 51.7 percent progress early this year. PTFI President Director Tony Wenas says project progress in development of the smelter with a capacity of 1.7 million dry metric ton (dmt) is consistent with the timeline that has its completion date in 2023. “We are on track, as of this time, 51.7 percent progress has been achieved, and by the end of 2023 physical construction will have been 100 percent completed,” Tony stated during a visit to Wisma Bisnis Indonesia in Jakarta, on Wednesday (1/2/2023).
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The Government’s echo of the downstreaming of copper must be accompanied by a road map for the absorbing industry. Moreover, in 2024 large smelters will operate so that industries so that industries absorbing downstream copper products must be prepared.
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Being able to lead the largest and leading gold and copper mining company in the world, PT Freeport Indonesia, is a pride for Tony Wenas. However, the happiest of all achievements was when Indonesian President Joko Widodo and the First Lady Iriana Joko Widodo visited Freeport's operational area in Tembagapura, Papua. A happy milestone is the visit of Mr. President to Tembagapura. Pak Jokowi is the second president after Pak Soeharto who visited Tembagapura. Pak Soeharto visited in 1973 or 50 years ago," PT Freeport Indonesia (FI) President Director Tony Wenas told Investor Daily last weekend.
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The Freeport Gresik smelter in East Java is considered to be an important part in the ecosystem of electric vehicles (EV) in the country. Because, according to him, electric vehicles comprise nickel, cobalt, aluminium, copper, graphite and iron.
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Mining business actors highlighted the government's plan to ban exports of copper concentrates in the middle of this year to encourage the downstream. Business players consider this step to be too hasty amidst the condition of the mineral processing factory (smelter) infrastructure that is not yet optimal. According to calculations by business actors, there will be 2.7 million tons of copper concentrate that cannot be processed or wasted if the export ban is enforced in the middle of this year.
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President Joko Widodo (Jokowi) revealed that he used to be reluctant to visit the location of the gold mine owned by Freeport before the Government of Indonesia (GoI) had control over most, or as much as 51 percent of the company’s shares in July of 2018.
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The global agenda on energy transition is projected to lead to rising demand for the commodity copper. It is believed bright prospects facing this metal minerals will boost the performance of PT Freeport Indonesia (PTFI). In addition to rising demand, copper price is expected to stay strong this year, sending positive signals for state revenue.
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PT Freeport Indonesia (PTFI) is projected to issue capital expenditure (Capex) amounting to US$3.5 billion, or equivalent to Rp.54.7 trillion (exchange rate Rp.15.051 per US$) in the year 2023. This figure is higher over last year’s Capex, which reached US$1.5 billion. “Next year, our Capex will maybe be around US$3.5 billion,” explained Freeport Indonesia President Director, Tony Wenas, to CNBC Indonesia during ‘Mining Zone’, quoted Tuesday (12/27).
Read MoreKami menghimbau para pencari kerja untuk berhati-hati dan mewaspadai beragam modus penipuan perekrutan yang mengatasnamakan PT Freeport Indonesia. Dalam setiap proses rekrutmen dan penerimaan karyawan, PT Freeport Indonesia maupun konsultan rekruitmennya tidak memungut biaya apapun.
Untuk melihat lowongan, silakan akses melalui link berikut: ptfi e-recruitment
Untuk melihat informasi magang, silakan akses melalui link berikut: Internship Program
