JAKARTA, Dec 4 (Reuters) - Freeport Indonesia's holding
company MIND ID said on Wednesday it was aiming to get the
copper miner's new Manyar smelter in East Java province repaired
within six months after the facility was damaged in a fire.
Freeport Indonesia halted copper cathode output at the
smelter after a fire at its gas cleaning unit in October.
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.
"We are hoping for your support," Hendi Prio Santoso, chief
executive of Mining Industry Indonesia (MIND ID), told a
parliamentary hearing. MIND ID holds a 51.2% share of Freeport
Indonesia.
"Hopefully in less than six months it will operate
normally," he said.
The $3.7 billion Manyar copper smelter was completed in June
and started output in September. However, production was delayed
until November by a steam and water leak.
Operational issues at the smelter prompted Freeport to ask
the Indonesian government to extend its copper concentrate
export licence, which expires at the end of 2024, mining
minister Bahlil Lahadalia told an industry summit on Wednesday.
He said the government had not decided whether to approve
the request.
Sources with knowledge of the matter told Reuters after the
fire that 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.