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Indonesia's PT Smelting, a joint venture between Mitsubishi Materials Corp.
and Freeport Indonesia, began construction on Saturday on a $223 million East Java copper smelter expansion
.
The expansion will increase the plant's copper cathode capacity to 342,000 tons from the current 300,000 tons
, the company said in a statement.
"The expansion is targeted to be completed by December 2023," said
Irjuniawan Radjamin, director of PT Smelting.
It is understood that the expansion of the Grasberg mine is to increase production capacity, especially copper concentrate capacity, from the current 1 million tons, to 1.
3 million tons
.
The Grasberg mine is located in the Papua region of
Indonesia.
Resource-rich Indonesia is keen to develop its downstream metals industry to boost investment and create jobs, with President Joko Widodo saying the government plans to ban raw material exports to encourage such investment
.
Indonesia's PT Smelting, a joint venture between Mitsubishi Materials Corp.
and Freeport Indonesia, began construction on Saturday on a $223 million East Java copper smelter expansion
.
The expansion will increase the plant's copper cathode capacity to 342,000 tons from the current 300,000 tons
, the company said in a statement.
"The expansion is targeted to be completed by December 2023," said
Irjuniawan Radjamin, director of PT Smelting.
It is understood that the expansion of the Grasberg mine is to increase production capacity, especially copper concentrate capacity, from the current 1 million tons, to 1.
3 million tons
.
The Grasberg mine is located in the Papua region of
Indonesia.
Resource-rich Indonesia is keen to develop its downstream metals industry to boost investment and create jobs, with President Joko Widodo saying the government plans to ban raw material exports to encourage such investment
.