Monday, August 11, 2025
No Result
View All Result
Indonesia Sentinel
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science
No Result
View All Result
Indonesia Sentinel
No Result
View All Result
ADVERTISEMENT
Home Economic

Indonesia Grants Freeport Six Month Extension of Copper Concentrate Export Permit

by Raidi
2025-03-10
in Economic
A A
Freeport Export

Minister of ESDM Bahlil Lahadalia (Doc ESDM)

Share on FacebookShare on TwitterShare on Whatsapp
ADVERTISEMENT

Jakarta, Indonesia Sentinel — Indonesian Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia announced that the government has granted PT Freeport Indonesia (PTFI) an extension to export copper concentrate, following the expiration of its previous permit on December 31, 2024.

The decision is outlined in Ministerial Regulation No. 6 of 2025, which amends Ministerial Regulation No. 6 of 2024 regarding the completion of domestic metal mineral refining facilities.

This regulation primarily applies to PTFI, whose copper concentrate exports have been halted since December 31, 2025, due to a fire at its processing and refining (smelter) facility.

RelatedPosts

BNI Mobile Banking Transactions and Volume Grow Positively

Indonesia’s Minister of Manpower Targets Minimum Wage Guidelines for 2025 Release in November

Freeport Fire Incident

Previously, Bahlil cited force majeure conditions at Freeport’s sulfuric acid plant in Gresik, East Java, as a key factor in the government’s decision to grant the export relaxation.

ADVERTISEMENT

“The Freeport smelter fire was not intentional. After investigations by both the police and insurance companies, it was confirmed as an accidental incident. As a result, insurance claims have been paid,” he said on Friday, February 21, 2025.

Under Article 2A of the new regulation, companies are permitted to sell processed mineral products abroad under specific conditions and timeframes in the event of force majeure.

“Following a limited cabinet meeting, the government decided to extend Freeport export permit until the damaged facility is fully repaired,” Bahlil stated.

Read Also:

Minister Bahlil Extends Freeport Copper Concentrate Export Permit Until June 2025

Freeport Export Relaxation 

The government has approved a six-month export relaxation for Freeport, allowing it to export approximately one million metric tons of copper concentrate.

“Freeport export quota is estimated to be around one million tons, possibly slightly more. We will assess the situation over the next six months,” Bahlil told reporters at the Ministry of Energy and Mineral Resources in Jakarta on Friday, March 7, 2025, as reported by DetikFinance.

Additionally, the government will conduct quarterly evaluations on the progress of repairs at Freeport’s sulfuric acid plant in Gresik. “We will review developments every three months to monitor the restoration work on the affected plant,” Bahlil added.

Meanwhile, Deputy Minister of Energy and Mineral Resources Yuliot Tanjung confirmed that the government intends to grant Freeport a six-month export permit from the date of approval by the Ministry of Trade.

“If the implementation starts in March, then the export permit will be valid for six months until September. By the end of September, all exports must be completed,” Yuliot stated.

 

(Raidi/Agung)

Tags: Bahlil LahadaliacopperCopper SmelterESDMExportFreeportIndonesia news
ADVERTISEMENT

Related Posts

Import Tariffs

U.S. Import Tariffs on Indonesian Goods Take Effect, Rate Set at 19 Percent

2025-08-07

Jakarta, Indonesia Sentinel -- A new U.S. import tariffs on Indonesian goods officially took effect Thursday (August 7), following a...

Indonesia Economic Growth

BPS Released Indonesia Economic Growth Report, Grew 5,12% in Q2 2025

2025-08-06

Jakarta, Indonesia Sentinel -- Central Statistics Agency (BPS) released its report on the economic growth of Indonesia in the second...

Poverty West Java

Indonesia’s West Java Records 3.65 Million People Living in Poverty

2025-08-06

Bandung, Indonesia Sentinel -- According to the latest report from Indonesia’s statistics agency (BPS), West Java recorded 3.65 million residents...

Rice Aid

Indonesia State Food Agency to Bar Online Gambling Participants from Receiving Rice Aid

2025-08-04

Jakarta, Indonesia Sentinel -- Indonesia’s state logistics agency, Perum Bulog, announced that individuals found to be involved in online gambling will...

Import Tariff

U.S. to Impose 19% Import Tariff on Goods From Indonesia Starting August 7

2025-08-04

Jakarta, Indonesia Sentinel -- The United States will officially impose a 19% import tariff on goods from Indonesia beginning August...

Indonesia's inflation

Indonesia July Inflation Driven by Food Prices, Led by Rice and Tomatoes

2025-08-01

Jakarta, Indonesia Sentinel -- Indonesia Central Statistics Agency (BPS) reported that several staple food items were the primary drivers of...

QRIS Japan

Indonesia to Implement QRIS Payment System in Japan

2025-07-31

Jakarta, Indonesia Sentinel -- Indonesian tourists traveling to Japan will soon be able to make payments using their domestic QR...

Workers Laid off

Over 42.000 Workers in Indonesia Laid off From January-June 2025

2025-07-30

Jakarta, Indonesia Sentinel -- Indonesia’s Ministry of Manpower (Kemnaker) reported that 42,385 workers were laid off between January and June...

Energy Imports

Indonesia Prepares Regulations for Rp244 Trillion U.S. Energy Imports Deal to Secure Tariff Reductions

2025-07-30

Jakarta, Indonesia Sentinel -- Indonesia’s Ministry of Energy and Mineral Resources (ESDM) is drafting new regulations to facilitate energy imports...

Rice Adulteration

Indonesian Authorities Uncover Rice Adulteration Scheme Involving 9 Tons in Riau

2025-07-29

Jakarta, Indonesia Sentinel -- The Indonesian government has uncovered a large-scale rice adulteration scheme involving nine tons of Stabilized Food...

Load More
Next Post
Myanmar Human Trafficking

Indonesia Works to Repatriate 525 Victims of Human Trafficking Trapped in Myanmar

Popular

  • One Piece Flag

    One Piece Pirate Flag Rises Across Indonesia Ahead the Independence Day

    0 shares
    Share 0 Tweet 0
  • Suku Mante, Mysterious Tribe Living in the Vast Forests of Aceh

    0 shares
    Share 0 Tweet 0
  • TikTok Shop GMV 2024 Hits $32.6 Billion, Indonesia Second Largest Contributor

    0 shares
    Share 0 Tweet 0
  • Indonesia’s Life Expectancy Rises to 74.15 Years in 2024, Statistics Agency Reports 

    0 shares
    Share 0 Tweet 0
  • Indonesia Boasts an Outstanding Number of Islands, How Many?

    0 shares
    Share 0 Tweet 0

Recommended

Live streaming YouTube

YouTube Tightens its Live Streaming Rules for Teen Creators to Enhance Minor Safety

1 month ago
Saudi Arabia Energy Investment

Indonesia – Saudi Arabia Sign $27 Billion Investment Deals in Energy Sector

1 month ago
ADVERTISEMENT

Indonesiasentinel.com is an independent online news portal committed to providing accurate, in-depth, and up-to-date news about Indonesia. Since 2021, we have been a trusted source for millions of readers seeking relevant and reliable news.

Part of:

Information Page

  • About
  • Editorial
  • Privacy Policy
  • Disclaimer
  • About
  • Editorial
  • Privacy Policy
  • Disclaimer

Contact

  • contact@indonesiasentinel.com
© 2021 Indonesia Sentinel

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science

© 2024 Indonesia Sentinel