Indonesian Minister of Energy and Mineral Resources Arifin Tasrif told a member of parliament during the parliamentary session that Tsingshan and Freeport will sign a cooperation agreement on the copper smelter project at the end of March. The two sides are currently negotiating commercial terms. After reaching the agreement, Asingshan has committed to the copper smelter project being put into operation by 2023.
Indonesia's energy and mining minister said the two sides plan to build a copper smelter at the IWIP industrial park in Castle Peak, Indonesia, but the site is still being discussed, and the project may also be located in the city of Jipai in East Java.
Under Indonesian law, Freeport's copper smelter must be up and running by 2023 or its mining rights will be revoked.
Shave (American Freeport board secretary lai lai 媂) an interview about green hills and a free port is still in the process of negotiations, Freeport Indonesia shareholders Freeport (Freeport Mcmoran) in the United States accounted for 49% and Indonesia aluminum, (PT. Inalum) accounted for 51%, Freeport will abide by the law and follow the central government of Indonesia, Freeport will meet the conditions of 2023 smelting plant.
Aoyama and freeport will invest a total of US $2.5 billion in a copper smelting plant capable of handling 2.4 million tons of raw copper ore per year. The location of the smelting plant is under negotiation, whether it will be in the Aoyama Vidabai park in Indonesia or in the east megawat jipai city.
