Indonesian copper smelters at risk as mining policy misfires
If no new smelters are built by 2017, Freeport and Newmont face curbs on their operations since Indonesia’s lone copper smelter, PT Smelting, only has a concentrate capacity of about 660,000 tonnes. Concentrates are an intermediate product between ore and metal, enriched with minerals as a result of processing.
Freeport has said if it could only send shipments to PT Smelting it would have to cut output at its huge Grasberg mine by 60 percent and layoff thousands of employees.
Read more at: http://www.reuters.com/article/2014/02/23/indonesia-smelters-idUSL3N0LH33D20140223
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