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»Prabowo Inaugurates Gresik’s Smelter: World’s Largest Integrated Gold Refinery
    Precious Metal

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

    March 17, 20252 Mins Read


    TEMPO.CO, Jakarta – President Prabowo Subianto landed at Juanda International Airport, Sidoarjo, East Java, on Monday, March 17, 2025, at 12:40 PM WIB (Western Indonesia Time). His visit includes inaugurating an integrated precious metal refinery (PMR).

    According to the Presidential Secretariat’s Press, Media, and Information Bureau, Prabowo was welcomed in Sidoarjo by East Java Governor Khofifah Indar Parawansa, Regional Military Commander V/Brawijaya Major General Rudy Saladin, and East Java Police Chief Inspector General Nanang Avianto.

    From Sidoarjo, the President traveled by TNI Air Force Caracal helicopter to Gresik, where he inspected PT Freeport Indonesia’s (PTFI) smelter and inaugurated the world’s largest integrated PMR facility.

    Later, Prabowo returned to Sidoarjo via helicopter to Gelora Delta Sidoarjo Stadium, where he officiated the rehabilitation, renovation, and construction of 17 stadiums across Indonesia.

    “The President’s visit to Gresik reflects the government’s commitment to advancing domestic mineral processing and refining industries. Meanwhile, the inauguration of stadium renovations and construction underscores the government’s dedication to improving sports facilities,” said Presidential Secretariat Deputy for Protocol, Press, and Media, Yusuf Permana, in a written statement.

    Earlier, Prabowo and his limited entourage departed from Halim Perdanakusuma Air Base, Jakarta, at around 11:30 AM WIB, accompanied by Cabinet Secretary Teddy Indra Wijaya.

    Coordinating Minister for Economic Affairs Airlangga Hartarto previously announced that PT Freeport Indonesia (PTFI) is set to produce up to 60 tons of gold annually at the Gresik Special Economic Zone (KEK).

    He highlighted Gresik as a success story in economic zones, capable of downstreaming copper and ultimately producing gold.

    According to Airlangga, U.S.-based PTFI produced nearly no gold between 1967 and 2024. However, with the new PMR facility in Gresik, Freeport can now produce 60 tons of gold per year.

    “There’s a success story in the Gresik Special Economic Zone, where we managed to downstream copper and produce a final product through the precious metal refinery, yielding 60 tons of gold annually,” he stated at the SEZ Business Forum at the St. Regis Hotel, South Jakarta, on Monday, December 9, 2024.

    Nabiila Azzahra contributed to the writing of this article.

    Editor’s Choice: Prabowo Inaugurates Freeport’s Gold Smelter in Gresik Today

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





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Gold near $5,600 an ounce, silver close to $120: Factors driving the latest rally

    Precious Metal

    Gippsland data centre puts copper demand in the spotlight

    Precious Metal

    Gold is higher after Fed keeps rates unchanged

    Precious Metal

    The precious metal feeding frenzy

    Precious Metal

    Silver Prices Surge but Marko Kolanovic Warns of Likely Plunge Ahead.

    Precious Metal

    Copper steps into spotlight as gold, silver rally sparks valuation concerns; is it worth your money?

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    Lagos highlights digital investments – The Nation Newspaper

    Precious Metal

    Somerset Minerals Ltd Explores New Copper Prospects

    Stock Market

    S&P 500, Dow, Nasdaq mixed as US and China reboot trade talks

    Editors Picks

    California’s battle against high gasoline prices

    October 10, 2024

    Qonto, la fintech française, sollicite une licence bancaire et vise 2 millions de clients d’ici 2030

    July 3, 2025

    UK Bonds’ Best Run in Two Years Is Winning Over Global Investors

    November 2, 2025

    Wilton Farmers & Producers: Here’s How To Report Your Storm Agricultural Loss & Damages

    August 23, 2024
    What's Hot

    Budget 2025: A critical moment for agricultural transformation

    February 7, 2025

    Car stolen from Shifnal property after break-in – two people seen fleeing scene

    October 11, 2025

    « Cette technologie va bouleverser l’industrie » : la Chine dévoile un dispositif inédit qui détecte les défaillances avant l’activation complète des batteries lithium

    July 13, 2025
    Our Picks

    New Cryptocurrency Releases, Listings, & Presales Today – ROOMCON, Helping Hearts International, Mint Blockchain

    March 31, 2025

    Mbappé – Real Madrid : Un transfert retentissant annoncé en direct ?

    March 17, 2025

    Dow, S&P 500, Nasdaq futures climb as earnings season gains steam

    October 14, 2025
    Weekly Top

    Fintech PicPay owned by Batista beef barons valued at $2.5bn in New York IPO

    January 28, 2026

    3 Retirement Investments That Could Beat Inflation

    January 28, 2026

    Fintech investment company swings to profit – The Royal Gazette

    January 28, 2026
    Editor's Pick

    Closing prices for crude oil, gold and other commodities

    July 12, 2024

    NSE completes a year in commodity derivatives: What’s next?

    October 11, 2024

    The Ripple Effect: Is This Ruling a Turning Point for Cryptocurrency Regulation?

    August 8, 2024
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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