double-skinned crabsVietnamese crab exportergood crabexellent crab

Gov't Mulls Letting Freeport Export Copper Concentrates Again

Bambang Ismoyo
January 9, 2025 | 1:15 pm
SHARE
Fire erupts at Freeport Indonesia's smelter factory in the Java Integrated Industrial Port and Estate (JIIPE) Special Economic Zone (KEK) in Gresik, East Java, accompanied by reports of two loud explosions, Monday, Oct. 14, 2024 (Beritasatu.com/Ahmad Rifqi)
Fire erupts at Freeport Indonesia's smelter factory in the Java Integrated Industrial Port and Estate (JIIPE) Special Economic Zone (KEK) in Gresik, East Java, accompanied by reports of two loud explosions, Monday, Oct. 14, 2024 (Beritasatu.com/Ahmad Rifqi)

Jakarta. The government is mulling letting mining giant Freeport Indonesia to export copper concentrates again this year, according to Energy Minister Bahlil Lahadalia.

The company has formally submitted a request to be able to start exporting copper concentrates again after its export permit expired on Jan. 1. The government is currently in the process of issuing the document.

"We are discussing this matter with the Coordinating Ministry for Economic Affairs," Bahlil recently said in Jakarta.

"We will soon report the meeting's outcome to Mr. President [Prabowo Subianto]. Whatever the decision is, I'm sure it takes into consideration what will be best for Freeport and this country," Bahlil said.

ADVERTISEMENT

The export ban was supposed to encourage Freeport to process the mineral in its Gresik smelter in East Java. This way, Indonesia would be able to create more added value from its minerals. However, fire erupted at the smelter last October, just months before the export permit expired. The company had to postpone the facility's operations due to the incident. At the same time, the expired permit has caused the copper concentrates to pile up in Freeport Indonesia's warehouse.

"How long will it take for you [Freeport] to repair the facility that caught on fire? Because all that matters is our country. We must make sure that they stay committed. If not, they will keep on [exporting copper concentrates]," Bahlil told Investor Daily not long ago.

Tags: Keywords:
Google Add Investor.id as a preferred source on Google +
SHARE

Related Articles


Business Sep 27, 2026 | 7:20 pm

Antam Buys 9 Tons of Gold from Freeport in First Eight Months of 2026

Antam bought 9 tons of gold from Freeport through August as it expands domestic supplies for a business generating 80% of its sales.
Special Updates Sep 2, 2026 | 5:12 pm

PTFI Distributes Aid to East Nusa Tenggara Quake Victims

PT Freeport Indonesia has distributed 2.5 ton of humanitarian aid to the earthquake victims.
Business Jul 15, 2026 | 3:19 pm

Freeport Targets More Than $7 Billion in Annual State Revenue Contributions

Freeport expects annual payments to Indonesia to exceed $7 billion once mining operations and its new smelter reach full capacity.
Special Updates Jul 10, 2026 | 8:23 pm

Four Rising Stars Chase Indonesia U-17 Dream Through Papua Football Academy

Four Papua Football Academy players earn Indonesia U-17 call-ups, highlighting PT Freeport Indonesia's commitment to youth development.
Special Updates Jul 10, 2026 | 4:31 pm

PTFI Donates 11 Kilometers Long Water Pipes to Mimika

This program supports the Mimika Regency government's target to serve up to 50,000 house connections by the end of 2027.
Special Updates Jul 8, 2026 | 3:39 pm

PTFI Plants 1.5 Million Mangrove Seedlings in West Nusa Tenggara

Mining giant PT Freeport Indonesia and the government have partnered to plant 1.5 million mangrove seedlings in West Nusa Tenggara.
Business Apr 29, 2026 | 6:28 pm

Indonesia Breaks Ground on Integrated Copper, Gold Downstream Project in E. Java

Indonesia launched a copper-gold processing hub in Gresik to boost value-added output, cut raw exports, and strengthen its industrial base.

The Latest


Special Updates 1 hours ago

Chandra Asri Group Receives Trade Finance Excellence Award, Reinforcing Its Role in Indonesia’s Industrial Development

Chandra Asri Group receives the Trade Finance Excellence Award at CIMB Niaga Business Summit 2026.
Special Updates 2 hours ago

AEON MALL Deltamas Brings 11 Sports and Creative Competitions to AEONLYMPIC 2026

AEON MALL Deltamas hosts AEONLYMPIC 2026, featuring 11 sports and creative competitions, with more than 3,100 participants.
Business 2 hours ago

Indonesian Stocks Extend Losses for Third Day, Fall 3.64% to 4,996

Indonesian stocks fell 3.64% on Monday, extending losses for a third straight session amid MSCI concerns and tighter trading limits.
News 4 hours ago

Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore

Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.
Lifestyle 5 hours ago

Jakarta Outranks Amsterdam in Global Public Transport Survey

Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED