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Freeport's copper export quota triples to 700,000 tons

Jumat, 13 September 2019 / 21:08 WIB
Freeport's copper export quota triples to 700,000 tons
ILUSTRASI. Tambang Bawah Tanah Freeport Bakal Membentang 1000 Km

Sumber: The Jakarta Post | Editor: Herlina Kartika Dewi

KONTAN.CO.ID - JAKARTA. The Energy and Mineral Resources Ministry decided this month to increase mining company Freeport Indonesia’s copper concentrate export quota to 700,000 wet metric tons (wmt), a more than threefold increase on the previous quota of 198,282 wmt.

The ministry's minerals director Yunus Saefulhak told reporters in Jakarta on Friday that the decision was a result of successful optimization schemes at the company’s Grasberg copper and gold mine in Papua province.

Baca Juga: Ekspor konsentrat tembaga Freeport Indonesia naik jadi 700.000 ton

“Some studies were conducted and we found that it is still possible to optimize and exploit available means of production,” he said.

He added that the increased copper export quota did not change the company’s overall copper production target of 1.3 million wmt for this year.

The higher quota is a revision of Freeport’s one-year copper export license that was renewed in March.

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