Concentrate Export While Awaiting Smelter Completion

While PT Freeport Indonesia and PT Amman Mineral Nusa Tenggara have made positive strides in the construction of copper smelters, this doesn't imply a state of tranquility for the two companies in their domestic business operations.

Lili Sunardi

20 Des 2023 - 19.43
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Concentrate Export While Awaiting Smelter Completion

President Joko Widodo rang the bell during the inauguration of PT Smelting's expansion in Gresik Regency, East Java, Thursday (14/12/2023). The President hopes that downstream copper products can reach 3 million tons per year. Photo/JIBI/Presidential Secretariat Youtube capture

Bisnis, JAKARTA—While PT Freeport Indonesia and PT Amman Mineral Nusa Tenggara have made positive strides in the construction of copper smelters, this doesn't imply a state of tranquility for the two companies in their domestic business operations.

The challenge lies in the gradual increase or ramp-up of smelter production until it reaches full capacity, posing a hurdle for Freeport Indonesia and Amman Mineral. This is because both companies need to strategize on monetizing the produced copper concentrate that cannot be immediately processed at the smelter.

The government and the two companies must promptly seek a compromise to prevent the accumulation of unprocessed concentrate from adversely affecting state revenues and the local economy.

One potential solution is the extension of copper concentrate export permits, coupled with adjustments to export duties. This approach could serve as a strategic measure by the government to uphold the sustainability of the national upstream mineral mining industry.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Aprilian Hermawan
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Concentrate Export While Awaiting Smelter Completion

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