Freeport Indonesia looking for business partners to build a copper smelter

JAKARTA--PT Freeport Indonesia is ready to work with business partners who are serious about developing a copper smelter in Indonesia if they offer competitive prices.
 
The spokesman of PT Freeport Indonesia, Ramdani Sirait said,  it had done an assessment with two smelters are serious about wanting to do the processing of copper refining in the country, namely PT Indosmelt and PT Nusantara Smelting.
 
"We provide opportunities to the serious business partner in the development of the smelter. Now there are some that we did a feasibility study relating to the expansion of the smelter, well just about anything that already exists, "he said  on Friday (13/07/2012).

According to the current, existing copper smelters in Indonesia there is only one, PT Smelting in Gresik located. The smelter is owned by PT Freeport Indonesia 25%, 60.5% of Mitsubishi Materials Corporation, Nippon Mining and Metals Co. Ltd. 5%, and Mitsubishi Corporation Unimetal Ltd 9.5%.

Freeport Indonesia had been allocated approximately 40-47% concentrates to PT Nusantara Smelting. Once processed there, the result is already sufficient for processing nationally.

"Freeport continuously reviewing business-related smelter, but this is highly dependent on the existing business partners. On the other hand, Freeport has been tied to long-term contracts with buyers. But if there is residual concentrations in its development, it could be sold to domestic and guns problem if the price is competitive, "he said.

Ramdani give notes, the construction of smelters require government incentives and the need there is demand for its final product. In addition, the processing of waste management such as sulfuric acid should also be considered. Therefore, the location of the smelter should be integrated in the industrial area.

"Processing of sulfuric acid is not easy. If it at Gresik, accommodated by the Petrochemical sulfatnya acid. Smelters in the region should be integrated, if you'll waste his guns could be damaging to the environment, "he said. (*)

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