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Freeport Indonesia lowers 2025 output target by 9.9%
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Freeport Indonesia lowers 2025 output target by 9.9%
Mar 12, 2025 11:42 PM

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.

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