Tuesday, July 16, 2024 | 03:33 WIB

Construction of giant copper factory has reached 75%, to operate in May 2024


Jakarta, IO – The project to build a processing and refining facility (smelter) in Gresik Special Economic Zone, East Java, has now reached 75%. The world’s largest smelter is projected to be operational in May 2024.

“PT Freeport Indonesia has spent US$2.5 billion and the total cost could be US$3 billion. According to plan, at the end of this year the physical construction will be completed, followed by pre-commissioning and commissioning,” said PT Freeport Indonesia (PTFI) president director Tony Wenas, per CNBC Indonesia, Friday (1/9).

Furthermore, he said President Joko Widodo has given directive that the copper smelter operation be accelerated. However, the fastest development progress will only reach 92 percent by the end of this year.

Previously, Jokowi had ordered all relevant parties to provide support. If achieved, this will be the fastest record for the construction of a copper smelter project in the world.

The largest single-line smelter in the world is targeted to be able to absorb 1.7 million tonnes of copper concentrate per year. In the future, the cathode copper product produced can reach 600,000 tons per year.

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Apart from producing copper cathode products, this smelter will produce by-products, namely 1.5 million tons of sulfuric acid per year, 1.3 million tons of copper slag per year, and 150,000 tons of gypsum per year.

When this smelter is fully operational, it will create jobs for at least 150,000 people, 98 percent of whom will be Indonesian workers, including 50 percent local workers. During the construction, the smelter has employed about 40,000 workers. (bp)


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