Indonesia Miner
Welcome to Indonesia Miner
Home / Directory / List News / Detail News

Indonesia to ban copper exports once Freeport, Amman plants open

www.mining.com

Thu 29 Jun 2023, 12:00 PM

Share

Events

Indonesia has announced its intention to cease exporting copper concentrates once Freeport Indonesia and Amman Mineral Internasional complete the construction of their smelters next year.

President Joko Widodo emphasized that with the establishment of these two major smelting facilities, raw copper exports would be replaced by domestic processing into copper cathodes. He anticipates that both smelters will commence production in May 2024.

Following the success of nickel, copper is poised to become Indonesia's next focal point in its drive towards increased onshore refining, aiming to elevate the country's position in the commodities value chain.

The government has faced delays in implementing its export ban plans on several occasions, primarily due to the local branch of Freeport McMoRan Inc., the world's leading copper producer, repeatedly seeking extensions for the completion of its smelter, which commenced construction in 2021.

In a recent development, Indonesia has granted Freeport and Amman export recommendations, permitting them to continue shipping copper concentrates until their smelters are finalized.

This temporary allowance acknowledges the progress made in establishing the necessary processing infrastructure and ensures a smooth transition towards a fully domestic copper refining industry.

Image source: File Image

Source: https://www.mining.com/web/indonesia-to-ban-copper-exports-once-freeport-amman-plants-open/

Image source: www.mining.com

Source Link: https://www.mining.com/web/indonesia-to-ban-copper-exports-once-freeport-amman-plants-open/

Advertisement

Relate News

News
06 Aug 2024, 09:54 AM

Indonesia to supply EV battery components to Tesla starting January 2025

Tesla
2411 Views
News
07 Aug 2024, 08:36 AM

Hengjaya Mineralindo Receives Seven Awards for Environmental and Social Innovation

ecobiz.asia
2250 Views
News
02 Aug 2023, 08:00 AM

MIND ID Claims Indonesia Has the Largest Copper Reserves in Southeast Asia

Special
4052 Views
News
05 Apr 2022, 08:16 AM

DEWA to hold a rights issue of 22 billion Series B shares

www.idnfinancials.com
3819 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.