Gresik, East Java, March 17 -- President Prabowo Subianto inaugurated a smelter or precious metal refining plant (PMR) belonging to PT Freeport Indonesia in the Gresik Special Economic Zone (KEK), East Java, on Monday.

"This afternoon, I hereby inaugurate the precious metal refining plant of PT Freeport Indonesia in Gresik, East Java," he said at the inauguration ceremony.

He then emphasized the importance of the smelter for refining concentrates into precious metals such as gold and silver.

"This is important for our country. We want Indonesia to be able to sell finished goods with added value, not only raw materials," he said.

Based on the information gathered, the PMR factory has the capacity to produce up to 52 tons of gold per ye...