Freeport going alone on Indonesian Cu smelter

摘要

US-based mining firm Freeport-McMoRan has decided to build a copper smelter by itself in Indonesia after negotiations about a joint venture with Chinese steel and nickel firm Tsingshan Holding and other companies broke down. The new copper smelter and related refinery will be built in east Java province, utilising the company's Grasberg copper mine in west Papua province, 2,600km away. The smelter is a commitment Freeport-McMoRan made to the Indonesian government in 2018 to extend its mining rights at Grasberg.