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Freeport Indonesia launches $3.7 billion Gresik copper smelter to meet renewables demand
Copper miner Freeport Indonesia on Thursday launched its $3.7 billion copper smelter in Gresik, East Java, citing growing demand for the metal in the race to transition to renewable energy. The smelter's total input capacity is 1.7 million metric tons of copper concentrate and output capacity will reach around 650,000 tons of copper cathode and 50 to 60 tons of gold, said Tony Wenas, chief executive of Freeport Indonesia, majority owned by the Indonesian government but operated by U.S mining giant Freeport McMoran.The facility is expected to produce its first copper cathode in August, when it starts to operate at 50 ... (full story)