Indonesia's largest gold plant with 50 tons of annual capacity

Indonesia has a processing plant with a capacity of up to 50 tons of gold per year, the Precious Metals Refinery (PMR), owned by Freeport Indonesia (PTFI), located in the Gresik Special Economic Zone in East Java, which was inaugurated on March 17, 2025 by President Prabowo.The Minister of Energy and Mineral Resources revealed that the plant has a capacity of 50 tons per year, and Freeport Indonesia has signed a sales contract with Aneka Indonesia Mining (ANTM) for 30 tons per year, and the rest will be supplied to the domestic market on a priority basis, which he sees as an opportunity to invest in the gold sector. He claimed that stable investment can choose gold in the period of global economic uncertainty, and that the plant's gold has international certificates. The plant is the largest gold plant in Indonesia with an investment of US$630 million (about Rp 10 trillion).On February 13, 2025 the plant has shipped 125 kilograms of gold bars with a purity of 99.99% to Aneka Mining, which is part of the area where the Gresik Copper Concentrate Smelter is located, which is the world's largest smelter in a single line with an investment of US$4.2 billion. The Government has now agreed to extend Freeport's export license after a sulphuric acid fire at the plant stalled production.