Indonesia Signals Extension of Freeport's Special Mining Business License

June 27, 2024, 07.27 PM

ILUSTRASI. The atmosphere of loading and unloading copper concentrate at the PT Freeport Indonesia (PTFI) Smelter in the Java Integrated and Industrial Port Estate Special Economic Zone (KEK JIIPE), Gresik, East Java, Friday (21/6/2024). PTFI received the first shipment of 12 thousand tons of copper concentrate from Timika Regency for smelter supply which is expected to start operating in June 2024. ANTARA FOTO/Rizal Hanafi/aww.

Reporter: Filemon Agung | Editor: Syamsul Azhar

FREEPORT, JAKARTA - The Indonesian government has signaled a potential extension of the Special Mining Business Permit (IUPK) for PT Freeport Indonesia (PTFI) following the inauguration of the Copper Smelter in the Special Economic Zone (SEZ) JIIPE, Manyar District, Gresik Regency on Thursday (27/6).

The Minister of Investment/Head of the Investment Coordinating Board (BKPM), Bahlil Lahadalia, stated that the project, with an input capacity of 1.7 million tons of copper concentrate, has attracted an investment of up to IDR 57 trillion and has boosted job creation.

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