Production Halt at Grasberg Buoys Copper Prices
Copper prices on the London Metal Exchange remained unchanged June 5 compared to the previous session. Three month copper was priced at $7,455 per metric ton. Continue reading...
View ArticleGrasberg Production May not Face Three-Month Shutdown, Says Head of Probe
Mining Weekly reported that a government probe into at Freeport McMoRan Copper and Gold's Grasberg mine will likely not take the full three months that had been allocated, meaning that production could...
View ArticlePT Smelting Forced to Seek Alternatives after Extended Grasberg Closure
Reuters reported that Indonesian smelter, PT Smelting has taken only one shipment from Freeport's Grasberg since the closure forced by a tunnel collapse, and are forced to look for...
View ArticleFreeport-McMoRan Copper & Gold Declares Force Majeure at Grasberg
Reuters reported that Freeport-McMoRan Copper & Gold Inc has declared force majeure at its Grasberg mine after a series of accidents has shut them down while the government conducts a...
View ArticleStrike Averted at Grasberg, Maintenance Continues
Bloomberg reported that a strike was averted that had been planned by workers at Freeport's Grasberg mine demanding the suspension of five employees they suspected were responsible for the tunnel...
View ArticleFreeport Could Get Word from Indonesian Government on Grasberg this Week
Mining Weekly reported that the Indonesian government may decide as early as this week whether or not operations can resume at Freeport McMoRan Copper and Gold Inc's (NYSE:FCX) Grasberg mine after a...
View ArticleFreeport’s Grasberg Running at 60 Percent Capacity
Mining Weekly reported that Freeport-McMoRan's (NYSE:FCX) Grasberg mine is running at about 60 percent capacity after a series of accidents closed the mine down for a prolonged period.Continue reading...
View ArticleOpenpit Mining Resumes at Full Capacity at Freeport’s Grasberg, Underground...
Mining Weekly reported openpit mining at Freeport McMoRan Copper and Gold's (NYSE:FCX) Grasberg mine in Indonesia has now returned to full capacity, after having been closed since mid-May while probes...
View ArticleUnderground Mining, Shipments Resume at Grasberg
Reuters reported that shipments and underground mining have resumed at Freeport's (NYSE:FCX) Grasberg mine in Indonesia, although it warns of a drop in output due to an extended closure after a series...
View ArticleFreeport-McMoRan Copper & Gold Hit in Q2 by Soft Metals Prices, Grasberg Closure
Freeport-McMoRan Copper & Gold (NYSE:FCX) announced their Q2 results, including net income of $482 million, down from $710 from the same quarter last year.Continue reading...
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