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644.098 tons Copper in 2011

Indonesia’s copper production is predicted to decrease by 36% to 644.098 tons in 2011. The downtrend will continue in 2012 when the production is estimated at only 609,171 tons. The output decreases because any of the national copper producers, PT Newmont Nusa Tenggara (NNT), just secured approval to expand land for mining activity of the sixth and seventh phases.

The production is predicted to start increasing after 2013 and so on. The production of copper may reach 899,923 tons in 2013, rising by 47% from 2011 and 2012.

Most of the copper produced in Indonesia has been destined to the export. The export volume was 915,254 tons in 2010 and is estimated at 579,688 tons in 2011 and 548,254 tons in 2012.

In the meantime, PT Freeport Indonesia (PTFI) in the second quarter and first semester report disclosed that the US-based company produced 1,917 million pound of copper up to June 2011, compared to 1,859 million tons in the same period last year.

Papua contributed 545,000 pounds to the total copper production of Freeport in the first semester of 2011, compared to 555,000 pounds in the same period last year and the sales decreased to 543,000 pounds in the first semester of 2011 from 555,000 in the same period last year. In the term of the price, the price of copper resulting from the Cendrawasih land was US$4.23 per pound, higher than US$3.05 per pound in the same period last year.

Up to late 2011, Freeport targets to produce copper as much as 35 million pounds. Viewed from the target, the realized production remains far below the expectations.

Now, the US mining giant is preparing underground mining project in Grasberg Block Cave and Deep Mill Level Zone (DMZL). The development of infrastructure for DMZL has been executed in the fourth quarter of 2010 so that the project is expected to start producing late 2012 with the production around 7,000 metric tons of ores per day.

Up to June 2011, the volume of copper sold from Indonesia reached 265,000 pounds, compared to 259,000 pounds in the same period last year. It is not wrong if the government targets that national copper production would rebound in 2013 in line with the operation of mining facilities in the two major mining locations in Indonesia