JAKARTA, March 13 (Reuters) - Copper miner Freeport
Indonesia has lowered its 2025 concentrate output target by
almost a tenth to 3.29 million tons and is aiming for copper
output of 1.67 billion pounds (757,499 metric tons), below last
year's production of 1.8 billion pounds, the firm's chief said
on Thursday.
The miner's output in 2026 is expected to drop further to
3.15 million tons of concentrate and 1.58 billion pounds of
copper, Freeport Indonesia chief executive Tony Wenas told a
parliamentary hearing.
"(Lower production) due to lower content, this is in
accordance with our mine plan," Wenas said.
Freeport has submitted an export permit request to the
government and is still waiting for a recommendation to export
from the mining ministry, he added.
"We can obtain an export permit immediately after," Wenas
said.
Freeport is seeking permission to export its copper
concentrate after it was forced to stop copper cathode
production at its new smelter in Gresik, East Java province, due
to a fire at its gas cleaning unit in October.
Freeport had said the excess concentrate stockpile has the
potential to reach 1.3 million tons.
Mining minister Bahlil Lahadalia previously said the miner might
get an export quota of around 1 million metric tons of
concentrate.