Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsIn a bid to offset the processing gap, PTFI is accelerating preparations to restart its new smelter, which has been shut down since a fire in 2024.
T Freeport Indonesia (PTFI) has temporarily suspended operations at its copper smelting facility in Gresik, East Java, which is operated by PT Smelting, following the discovery of operational issues requiring urgent furnace repairs, the company announced on Wednesday.
President director Tony Wenas confirmed that the company had received notification that operations at the facility were halted effective Aug. 8.
"The suspension was implemented to facilitate necessary furnace repairs," Tony told Bisnis.com on Wednesday. "Based on an initial assessment, repairs are expected to be completed in the third quarter of 2026."
The facility is PTFI’s first smelter, built in 1996 in partnership with a Japanese consortium. PTFI hold a 66 percent stake in the operator, Smelting, while Japan’s Mitsubishi Materials Corp. controls the remaining 34 percent.
The facility boasts an annual production capacity of approximately 342,000 tonnes of copper cathode and processes copper concentrate from PTFI’s Grasberg mine in Papua.
Tony moved to reassure stakeholders that the temporary shutdown would not disrupt upstream operations.
"This temporary suspension does not impact Grasberg production," he said, adding that the company is currently evaluating the effect on the timing of previously projected sales realizations.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.
Quickly share this news with your network—keep everyone informed with just a single click!
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Get the best experience—faster access, exclusive features, and a seamless way to stay updated.