The country is also looking to mandate new nickel smelters to use green energy during production process. Indonesia has unveiled plans to limit nickel smelters construction to ensure new plants produce high-value products, reported Reuters citing a report by state news agency Antara.
Freeport Indonesia’s copper output in 2023 is seen at about 1.6 billion pounds (725,748 tonnes), about the same level as last year, company chief executive Tony Wenas said on Tuesday.
The construction of US mining giant Freeport McMoRan’s Indonesian copper smelter, one of the biggest in the world, will be completed by the end of this year, an official at its Indonesian unit said on Thursday.
Indonesia’s foreign direct investment surged 44.2% on a yearly basis in 2022, with the base metals sector drawing in the biggest inflows, the investment minister said on Tuesday, noting 2023 would be a more difficult year to attract investment.
Indonesia is reviewing any potential negative impact from a plan to restrict exports of tin ingot, a government official said on Tuesday, including the possibility of introducing it in phases.
Indonesia plans to produce 695 million tonnes of coal this year and sees exports of 518 million tonnes, Energy and Mineral Resources Minister Arifin Tasrif said on Monday, a level that would mean record shipments out of the country.
Indonesian President Joko Widodo is confident Tesla Inc will finalize a deal to invest in a production facility in his country, having offered the US car maker incentives ranging from tax breaks to a concession to mine nickel.
Environmental groups urged Tesla on Monday to reconsider its plans for nickel investment in Indonesia, the world’s top producer of the material.
A China-backed zinc and lead mine being developed in Indonesia’s Sumatra Island may pose “extreme” risks to the environment and nearby communities.
