Freeport to invest in Indonesian copper smelter

Freeport McMoRan has said that it plans to invest about US$2 billion to build a copper smelter in Indonesia in response to pressure from Jakarta, which imposed a ban on ore exports last year in a bid to encourage the development of an indigenous refining industry

Freeport to invest in Indonesian copper smelter Freeport to invest in Indonesian copper smelter Freeport to invest in Indonesian copper smelter Freeport to invest in Indonesian copper smelter Freeport to invest in Indonesian copper smelter

The open pit at Freeport McMoran's Grasberg copper and gold mine

Indonesia wants to take the country further up the value chain as part of a strategy to modernise its economy and generate additional employment.