Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Precious Metal»Bahlil Claims Freeport’s Gresik Smelter Can Produce 60 Tons of Gold Bars Annually
    Precious Metal

    Bahlil Claims Freeport’s Gresik Smelter Can Produce 60 Tons of Gold Bars Annually

    March 17, 20253 Mins Read


    TEMPO.CO, Jakarta – Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia disclosed that the investment value of PT Freeport Indonesia’s (PTFI) gold smelter in Gresik has reached Rp10 trillion. The facility serves as a refining plant for precious metals, utilizing the world’s largest Precious Metal Refinery (PMR).

    “The investment for this gold smelter is US$630 million or equivalent to Rp 10 trillion,” said Bahlil at PT Freeport Indonesia, Special Economic Zone of Gresik, East Java, on Monday, January 17, 2025. Bahlil stated that, in layman’s terms, a smelter is a plant.

    He emphasized that the inauguration of this smelter means that Indonesia now has the largest gold bar manufacturing plant on a global scale. He also showcased the capability of the PTFI Gresik smelter, which can process 3 million anode sludge concentrates per year.

    “And we need to report to the President that the gold production from the 3 million concentrates brought from Freeport, the approximately 3 million concentrates produce around 50-60 tons of gold,” said Bahlil.

    On that occasion, he also mentioned the gold production by PT Amman International Tbk, which has been operating since 2000 in Sumbawa, East Nusa Tenggara.

    Bahlil assessed that PT Amman is capable of processing 900 thousand concentrates, which can produce around 18-20 tons of gold every year.

    “So overall, hopefully every year, the two plants from Gresik and PT Amman can produce 60-70 tons of gold per year in the Indonesia,” he added it up.

    Meanwhile, the President Director of PT Freeport Indonesia, Tony Wenas, mentioned that the precious metal refinery plant had started production. Tony estimated that his company can only produce 32 tons of gold this year.

    “Maybe next year we can only produce 50 tons, why? Because this is still in the initial ramp-up stage, and our new smelter is not yet operational and is still undergoing repairs,” he explained.

    According to Tony, Freeport is currently carrying out extensive repairs on the smelter, so it is expected to start production again in June. Tony stated that the gold plant in Gresik is the world’s largest gold smelter from upstream to downstream.

    Through precious metal refinery or PMR, Tony explained that gold refining uses a hydro metallurgy technology claimed to be the largest in the world.

    “And we should be proud that it is located in Indonesia,” he said.

    Editor’s Choice: Prabowo Inaugurates Gresik’s Smelter: World’s Largest Integrated Gold Refinery

    Click here to get the latest news updates from Tempo on Google News





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Gujarat emerges as India’s copper hub, amid soaring demand from sunrise sectors – Industry News

    Precious Metal

    Gold, Silver prices dip this week, but long-term outlook remains bullish

    Precious Metal

    Bundesbank weighs abandoning Frankfurt headquarters

    Precious Metal

    How to get the Gold Beanstalk in Grow a Garden

    Precious Metal

    Morocco Strategic Minerals Reports High Copper Values at Tifernine

    Precious Metal

    Electrical pulses boost copper’s efficiency in turning CO2 into ethylene, ethanol fuels

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Scientists discovered chemical oscillations | EurekAlert!

    Cryptocurrency

    Next Cryptocurrency to Explode, 12 March — Mantle, Virtuals Protocol, Celo

    Fintech

    “Morocco Fintech Center”, un guichet commun pour les fintechs – Telquel.ma

    Editors Picks

    Graspop Metal Meeting 2025: les tops et les flops de la rédaction

    June 23, 2025

    VIDÉO –  Entre bois, métal et os d’animaux : avec poésie, cet artiste connecte nature et création

    April 29, 2025

    New Cryptocurrency Releases, Listings, & Presales Today – Grade, Real MXN, QuStream

    March 14, 2025

    Thai rice prices hit two-month peak, Bangladesh hit by floods

    August 29, 2024
    What's Hot

    À Tartas, le projet ReSTart pour produire du kérosène durable se précise

    April 2, 2025

    Copper price plummets amid fears of Trump tariffs hurting demand

    April 3, 2025

    les fondamentaux de l’or restent bons

    September 4, 2007
    Our Picks

    The AI-Powered CBDC Super App — TradingView News

    July 29, 2024

    BABYMETAL, ‘METAL FORTH’ Album Review

    August 12, 2025

    Granite Real Estate Investment Trust autorise un plan de rachat.

    May 22, 2025
    Weekly Top

    Your energy drink habit may lead to debilitating nerve damage – and it takes far less than you’d think to reach a toxic overdose

    August 24, 2025

    Which Cryptocurrency Is More Likely to Be a Millionaire Maker? Dogecoin vs. Solana

    August 24, 2025

    Gujarat emerges as India’s copper hub, amid soaring demand from sunrise sectors – Industry News

    August 24, 2025
    Editor's Pick

    Check today’s rates of Dogecoin, Tether, Bitcoin, Ethereum 

    August 18, 2024

    Half of energy organizations plan to integrate AI into operations, new DNV report shows

    August 28, 2024

    Metal Gear Solid 3 remake’s nightmare minigame returns with a twist

    August 22, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.