JAKARTA, Dec 4 (Reuters) - Copper miner Freeport
Indonesia expects operations of its $3.7 billion Manyar smelter
in East Java to ramp up in the third quarter of next year after
being halted by a fire in October, an official said on
Wednesday.
"Based on the repair plan for the affected facilities, it is
estimated that the ramp-up of (Freeport's) smelter operations
can begin in the third quarter of 2025," its spokesperson, Katri
Krisnati.
Separately, Freeport Indonesia parent company, MIND ID hopes
the smelter can operate normally within six months, its chief
executive Hendi Prio Santoso told a parliamentary hearing on
Wednesday.
MIND ID holds a 51.2% share of Freeport Indonesia.
Operational issues at the smelter prompted Freeport to ask
the Indonesian government to extend its copper concentrate
export license, which expires at the end of this year.
"Due to fire incident at our smelter, the operation was
stopped, and we have to repair it first. For that, we need some
flexibility to be able to export in 2025 until the smelter is
back in operation," Freeport Indonesia chief executive Tony
Wenas told reporters.
He said the company was also requesting additional export
quota for this year.
Mining minister Bahlil Lahadalia told an industry summit on
Wednesday the government had yet to decide whether to approve
the request.
Freeport Indonesia was forced to stop copper cathode output
at its newly operated smelter after the fire broke at its gas
cleaning unit.
Sources with knowledge of the matter told Reuters U.S.
mining company Freeport McMoRan ( FCX ), which operates Freeport
Indonesia's mine and smelter, would postpone sales of refined
copper from Indonesia until the second quarter of 2025.
The Manyar copper smelter was completed in June and started
output in September. However, production was delayed by a steam
and water leak.
Long production delays at the Manyar smelter, with an output
capacity of 480,000 metric tons of copper cathode a year, were
already narrowing an expected 2025 surplus of the metal and
supporting prices.