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Copper miner Freeport Indonesia will process about 400,000 metric tons of copper concentrate at its newly-launched $3.7 billion smelter from August to December, its chief said in a statement.
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A 2024 US Geological Survey report shows that Indonesia's copper reserves stand at 24 million metric tons. Chile has the world's largest copper reserves (190 million metric tons), seconded by Peru (120 million metric tons). ... (120 million metric tons). Indonesia's mines produced an estimated 840,000 metric tons of copper with its ...
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Freeport Indonesia said last week its copper output in 2023 is seen at about 1.6 billion pounds (725,748 tonnes). (By Bernadette Christina, Gayatri Suroyo, Kate Lamb, Ananda Teresia and Stanley ...
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Indonesian President Joko Widodo has launched two large copper smelters to enhance the nation's position in the global mining market. One of the smelters is owned by PT Amman Mineral International. Go deeper with GlobalData
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Initial 9.2 year mine life producing up to 20ktpa of copper cathode per annum; Life of Mine ('LOM') Revenue of $1.4 billion and EBITDA of $655.3 million; Capital cost of $208.7 million (excluding growth and contingency $26.7 million) ... Indonesian corporate income tax ('CIT') rate of 22% 1; and; Indonesian Government Royalty of 2% (of ...
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The Wetar Copper Mine is the only mine in Indonesia that produces and directly exports copper cathodes. This mine is operated by PT Batutua Kharisma Permai (BKP), the holder of the mining business permit for copper production …
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Rex shares closed 56% higher at A$0.43 apiece in Sydney Monday on the news. MACH, a unit of the Salim Group and one of Indonesia's largest conglomerates, already owns a 15.8% stake in Rex, or ...
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Long production delays at the new Manyar smelter, with an output capacity of 480,000 metric tons of copper cathode a year, are likely to narrow an expected 2025 surplus of the metal and support ...
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The feedstock for Manyar will come from Freeport's Grasberg mine in Indonesia, the world's second largest active copper mine. Grasberg produces 688,400 tons copper or roughly 4% of global ...
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Indonesia is the world's largest nickel producer and produces significant quantities of copper, cobalt, tin, and gold. In 2023, mining contributed to 11.9 percent of Indonesia's gross domestic product. Over the last 15 years, Indonesia has imposed—and at times loosened—bans on raw resource exports and local ownership requirements.
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Indonesia's copper industry 1.n 2017 Indonesia was the 11th largest copper mining I producer in the world with production capacity equivalent to 600 thousand tons per annum. 2.However, Indonesia's copper production has been decreasing gradually since 2016, from 695.900 metric tons to 400,200 in 2019 (according to the World Bureau of Metal ...
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Nestled among the towering mountains in the Papua province of Indonesia, the Grasberg mine is owned by PT Freeport Indonesia and PT Indonesia Asahan Aluminum. The underground mine is projected to have a remaining mine life of 16 more years, operating until 2041. In addition to copper, the pit is also home to significant gold and silver reserves.
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The Tujuh Bukit copper project is an open-pit copper mine being developed in the East Java province of Indonesia. It is considered to be one of the world's largest undeveloped copper and gold projects. Merdeka Copper Gold, an Indonesia-based metal and mining company, is developing the project through its wholly owned subsidiary Bumi Suksesindo.
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Indonesia's copper export ban was originally set to enter into force in June 2023, but the government allowed Freeport and Amman more time to comply to help them fund smelter construction.
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Most of Indonesia's copper production comes from two major mines, the Grasberg and the Batu Hijau Copper-Gold Mine. The Grasberg Mine Complex, located in the province of Papua...
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The mining of the final phase of the Grasberg open pit was completed in Q4 2019 and the mine transitioned from open-pit mining to large-scale underground mining. Grasberg Block Cave is estimated to contain proven and probable reserves of 275.2 billion ounces of copper and 14.2Moz of gold as of December 2019.
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Indonesia-based PT Smelting, a joint venture between Mitsubishi Materials and Freeport Indonesia, has started construction on a $231m copper smelting facility expansion project.. The expansion is aimed at boosting the …
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Key mining commodities Indonesia is one of the leading producers of many minerals, including bauxite, copper, tin, and gold. However, among those, coal and nickel stand out as the country's ...
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In 2023, the production of copper mines in Indonesia was estimated at around 840 thousand metric tons. Indonesia is one of the leading producers of copper globally . Read more
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Grasberg mine, Indonesia. Source: file image. Located in the highlands of Indonesia's Papua province, Grasberg is not only the world's largest gold mine but also one of the biggest copper ...
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In 2023, the production of copper mines in Indonesia was estimated at around 840 thousand metric tons.
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GlobalData's "Indonesia Copper Mining to 2024 - Updated with Impact of COVID-19" provides a comprehensive coverage on the Indonesian copper mining industry. It provides …
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Indonesia banned exports of all raw minerals from June 2023, but gave Freeport Indonesia and rival copper miner Amman Mineral Internasional dispensation until May 31, 2024, to allow them to finish ...
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ESG Mining Company Index: Benchmarking the Future of Sustainable Mining. The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.
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Freeport is preparing to ship as much as 900,000 metric tons of copper concentrate, starting in June, from its Grasberg mine after positive talks with Indonesia to extend its export licence, two ...
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The smelter has an annual input capacity of 1.7 million metric tons of copper concentrate, which could produce around 900,000 tons of copper cathode, 50 tons of gold and 210 tons of silver a year.
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The new $3.7 billion smelter has annual input capacity of 1.7 million metric tons of copper concentrate, which could produce around 900,000 tons of copper cathode, 50 tons of gold and 210 tons of ...
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PT Merdeka Copper Gold Tbk produces gold, silver, copper, and minerals essential for the advancement of human life. Together with our subsidiaries spread across various islands in Indonesia, we set the highest standards in environmental, social, and corporate governance performance.
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The US Securities and Exchange Commission is looking into whether Freeport-McMoRan Inc. failed to disclose threats a severe earthquake could pose to its new $3.7 billion copper smelter complex in ...
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Freeport Indonesia has halted copper cathode production at its Manyar smelter after a fire on Monday, the company's chief executive said in an interview with Kompas TV on Tuesday. The fire occurred at a sulphuric acid unit at the Manyar site, located in East Java province, and was extinguished late ...
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PT-FI will continue to pay export duties on copper concentrates during the smelter ramp-up period pursuant to Indonesian regulations, it said. PT-FI's prior concentrate and anode slime export licenses expired on May 31, 2024, and PT-FI did not export copper concentrates or anode slimes during June 2024.
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This project involves processing copper ore from the Grasberg mine in Papua, Indonesia, one of the world's largest gold and copper mines and owned by PTFI, to produce electrolytic copper. The plant has one of the largest single line production capacities and is a …
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The construction of US mining giant Freeport McMoRan's Indonesian copper smelter, one of the biggest in the world, will be completed by the end of this year, an official at its Indonesian unit ...
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GlobalData's "Indonesia Copper Mining to 2024 - Updated with Impact of COVID-19" provides a comprehensive coverage on the Indonesian copper mining industry. It provides historical and forecast data on copper production and consumption, major exporters, reserves by country, and world copper prices. The report also includes a demand drivers section providing …
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Indonesia's main currently operating copper mines are the massive Grasberg complex and Batu Hijau. Potential future mines include Kucing Liar (Grasberg), Elang, Tujuh Bukit, Hu'u and Beutong.
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The miner also announced that on July 2, PT-FI received approval from the Indonesian government to export copper concentrates and anode slimes through December 2024, when full ramp-up of the new ...
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