* ANTAM, PT Smelting and PT Freeport Indonesia
Sign Memorandum of Understanding Regarding Project Development of Anode Slime Processing & Precious Metal Re7nery
Second-quarter 2019 copper sales of 807 million pounds were in line with the April 2019 estimate of 800 million pounds, with higher copper volumes from North America and South America offsetting lower copper volumes from PT Freeport Indonesia
Freeport-McMoRan provided an update on its operations and outlook at PT Freeport Indonesia
, or PT-FI, affirmed its April 2019 guidance for 2019 consolidated copper and gold sales volumes and provided revised estimates for second-quarter 2019.
DFA said a landslide at a mine of PT Freeport Indonesia
in Tembagapura in Papua, Indonesia killed two Indonesian miners and injured two others on April 3.
We expect Inalum's financial position to improve from 2021 once it starts receiving meaningful dividends from PT Freeport Indonesia
(PTFI), the operator of the Grasberg mine.
Adkerson, vice chairman of the board, president and CEO, said, "This step marks another significant milestone toward establishing a new long-term partnership with the Republic of Indonesia to provide long-term stability for PT Freeport Indonesia
PT Freeport Indonesia
has promised to invest US$110 million in the next development phase of processing and refining facility (smelter) to reach 5.18 percent.
Earlier in his career, Gehring has held managerial roles in engineering, projects and mining operations with PT Freeport Indonesia
, BHP-Billiton, Hecla Mining and Magma Copper.
So far Avtur has been supplied by PT Freeport Indonesia
, which owns the airport.
Freeport-McMoRan's Indonesian subsidiary PT Freeport Indonesia
(PT-FI) has received approval from the Government of Indonesia to resume exports of copper concentrates.
The government reminded PT Freeport Indonesia
to report progress in its plan to build a smelter for its copper concentrate.