Industrial asset: The smelter facility operated by PT Freeport Indonesia in Gresik. The facility has the capacity to refine 50 tonnes of gold a year. — AFP
JAKARTA: Indonesia has boosted its push toward downstreaming the mining sector with the opening of PT Freeport Indonesia’s (PTFI) new precious metal refinery, but analysts suggest more needs to be done to maximise the benefits and secure the industry’s ecosystem.
Inaugurating the refinery in Gresik, East Java, on Monday, president Prabowo Subianto touted the facility as a “strategic step” in the country’s mineral industrialisation efforts aimed at developing the national economy.
