JAKARTA - President Director of PT Freeport Indonesia (PTFI) Tony Wenas asked the government to relax the export of copper concentrate until 2025. This follows the burning incident of the PTFI copper smelter in the Gresik JIIPE Special Economic Zone (SEZ), East Java on Monday, October 14.
Tony said the incident of the burning of the smelter caused the operation of the purification facility to be stopped for a while.
"The smelter has an accident, a fire, so we have to stop first and we have to fix it first so that flexibility is needed to be able to export in 2025 until the smelter operates again," Tony said, quoted on Thursday, December 5.
Tony said that for additional export quotas, his party had submitted to the government and was waiting for approval. Just so you know, PTFI's copper concentrate export license is valid until December 31, 2024. However, he did not provide further information on the additional quota amount submitted to the government.
"Again, we are discussing with the government the additional quota is not relaxation, this is an additional export quota for this year, in 2024 there will be only a month left," Tony continued.
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Tony further added that Freeport is still calculating the estimated recovery time of the smelter that caught fire in October. Based on preliminary estimates, the smelter can return to full operation within about six months.
"We're still calculating, but maybe it's estimated for about six months," Tony said.
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