JAKARTA, June 3 (Reuters) - Copper miner Freeport

Indonesia has raised its output guidance for the year as it

awaits an extension of its copper concentrate export permit that

the government has promised, the company's deputy chief

executive told parliament on Monday.

Its copper concentrate output target this year was lifted to

3.78 million metric tons, assuming the export permit extension

is approved, from an initial 2.84 million tons, the deputy CEO

Jenpino Ngabdi said.

The company, majority owned by the Indonesian government but

operated by U.S. miner Freeport-McMoran ( FCX ), also raised its

2024 refined copper output target to 1.73 billion pounds, from

1.42 billion pounds previously, he added.

Freeport Indonesia's last export permit was valid until May

31 and its new targets must be approved by the mining ministry.

Indonesia banned shipments of all raw minerals from June

2023, but Freeport Indonesia and rival copper miner Amman

Mineral Internasional were given a year-long

dispensation to allow them to finish the construction of their

copper smelters.

The government has promised to extend the dispensation until

the end of 2024 so that the companies can continue to export

before their smelters reach full capacity, but with additional

levies on shipments.

The regulation for the new levies was not publicly available

as of Monday morning.

"We are targeting operational start of the JIIPE smelter in

early June with the commissioning of the furnace smelter,"

Jenpino said, referring to the Java Integrated Industrial and

Ports Estate smelter in East Java. "The first copper cathode

production is expected in August with a feed rate for

concentrate of 50%," he added.

Freeport Indonesia produced 3.45 million metric tons of

copper concentrate in 2023 while its refined copper output last

year reached 1.68 billion pounds.