Mitsubishi's RI plant

Sat, 22 Nov 1997 | Source: REUTERS

TOKYO (Reuters): Mitsubishi Materials Corp said yesterday it might move forward the start-up of its copper smelter and refinery at Gresik in Indonesia, which was originally scheduled to start operations in December 1998.

Confirming a report in the Japanese trade daily Sangyo Shimbun, a Mitsubishi Materials spokeswoman said: "There is a possibility that we will start operation of the Gresik smelter earlier (than scheduled)."

She said that construction of the 200,000 ton-per-year smelter in East Java, Indonesia's first, is scheduled for completion in August 1998, while it would take about three months after completion to reach full operation.

Mitsubishi Materials owns a 75 percent stake in the $600 million project. Freeport-McMoran Copper & Gold Inc of the United States holds the remaining 25 percent.

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