The Finnish mining company Metso Outotec has entered into an agreement with PT Freeport Indonesia for the design and technology delivery of a new copper smelter to Gresik in Indonesia, local media Helsingin Sanomat writes.
Metso Outotec is a Finnish publicly traded company that was established in 2020 when Outotec and Metso Minerals merged. According to the Finnish daily, the agreement, which includes technology licenses, totals approximately EUR 360 million. The smelter will be delivered and built by PT Chiyoda International and the project is owned by PT Freeport Indonesia.
The smelter will be commissioned in 2024, after which it is expected to process 1.7 million tonnes of copper concentrate per year.
In the previous phase of the project, Metso Outotec has, among other things, carried out the basic design of the smelter.
Four-fifths of the order amount has been booked in the company’s Metals segment in the third quarter of this year and the rest in the Minerals segment.
Metso Outotec has delivered 51 copper flame smelters worldwide.