Freeport advances Gresik copper smelter expansion talks

Freeport-McMoRan said its Indonesian unit, PT-FI, has advanced discussions with the majority-owner of the country’s Gresik smelter regarding an expansion by around 30%.

This would see the smelter’s concentrate treatment capacity rise by around 300,000 tonnes per year and would reduce PT-FI's commitment to develop a new smelter in Indonesia to 1.7 million tpy from 2 million tpy, Freeport said.

The talks with PT Smelting, which is 25% owned by PT-FI, are now advancing the commercial and financial arrangements. Mitsubishi is also...

Published

Andrea Hotter

January 26, 2021

15:33 GMT

New York