Freeport Indonesia must divest additional 10% stake to

Freeport will also be required to build a smelter in Papua. Indonesia's investment minister said on Wednesday that copper miner Freeport Indonesia must agree to sell an additional 10% stake to ...

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Freeport shares off to the races on Grasberg update

In heavy trade of more than 29m shares by lunchtime Freeport jumped by as much 9.3% affording the counter a $18.98 billion market value and erasing its 2017 losses on the New York Stock Exchange.

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Distraction or disaster? Freeport's giant Indonesian mine …

JAKARTA (Reuters) – A state audit of operations at Indonesia's Grasberg mine has cast a cloud over the government's multi-billion-dollar deal to take a majority stake in the mine from ...

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Indonesia's Inalum close to acquiring Freeport's Grasberg copper mine

Global miner Rio Tinto has a joint venture with Freeport for a 40 per cent share of Grasberg's production above specific levels until 2021, and 40 per cent of all production after 2021.

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Major Mines & Projects | Grasberg Complex

The Grasberg minerals district includes the following underground mines that are being operated: the Grasberg Block Cave, the Deep Mill Level Zone (DMLZ) and Big Gossan. …

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Each day of the strike at Grasberg costs Freeport-McMoran

Freeport-McMoran Copper & Gold reported on Wednesday that the strike at its Grasberg operations in Papua, Indonesia, which began Sept. 15, is costing the company about 3 million pounds of copper ...

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Great Deposits – Grasberg Part 3 – Mining and …

In 1990 the open pit mine at the Grasberg Porphyry Cu-Au deposit was initiated. That reserve will be mined out in 2015 and operations will focus on the underground portions of the complex, mining the …

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Freeport cuts workforce at Grasberg as …

Covid-19 infections in the Mimika Regency, where Grasberg mine is located on Papua island, reached 150 cases as of Sunday, including 102 cases in Tambagapura, the living quarters built to …

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Indonesia close to acquiring Freeport's Grasberg copper mine

Situated in Indonesia's eastern-most province of Papua, Grasberg, the world's second-largest copper mine, is owned and operated by Freeport Indonesia (PTFI), a subsidiary of U.S.-based ...

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Pressure groups sue LME for allowing trade of 'polluting

The court action will allege mining waste is being dumped from the giant Grasberg copper mine in West Papua Indonesia owned by Indonesia's state mining company and US-listed Freeport McMoRan ...

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Career Opportunities – Vedanta Zinc International

Junior Mine Planning Engineer – CU – GMB Closing Date : 11 October 2024 VZI's vision is to create an integrated world-class regional zinc complex comprising Black Mountain Mining (including Gamsberg) and the Skorpion Zinc mining and refining operations.

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Thousands stranded after landslide, but mine still operational

A landslide Saturday near Freeport McMorran's Grasberg mine left thousands of workers stranded, but was not expected to impact operations at the world's largest copper mine, a company spokesperson ...

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Rio Tinto wants out of Grasberg now

Freeport's iconic Grasberg mine in Papua is forecast to produce 450 000 tonnes of copper and 1.6m ounces of gold in 2017.

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Freeport may have to cut Grasberg output by 40%

Production at Grasberg, the world's largest gold and second-largest copper mine with a history that dates back to the 1930s, was halted for about two months in spring as the Indonesian ...

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Great Deposits- Grasberg Part 2

General Geology of New Guinea (from Gibbins 2006) The first striking fact is how young the deposit is. The mountain spine of New Guinea formed in the Middle Miocene and is less than 12 Million years …

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Freeport's Grasberg jujitsu move will pay off

Zinc; Platinum; Palladium ... -McMoRan Inc.'s tussle with Jakarta over the world's biggest gold deposit and third-biggest copper reserve at Grasberg in the New Guinea highlands has seemed to ...

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Report: Freeport can ride out Grasberg storm

Freeport's iconic Grasberg mine in Papua is forecast to produce 450 000 tonnes of copper and 1.6m ounces of gold in 2017.

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Freeport halts Grasberg mine, begins sending workers home

Freeport's iconic Grasberg mine in Indonesia's remote Papua province produced more than 500,000 tonnes of copper and over 1m ounces of gold in 2016.

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Grasberg hardball scores an own goal for …

Grasberg mine on the island of New Guinea, one of the world's biggest sources of copper and gold. ( Image: Google Earth. (Bloomberg Gadfly) — The most drawn-out deal in the global mining ...

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Rio Tinto about to offload stake in Grasberg …

Grasberg, the world's second-largest copper mine and fourth largest gold operation, has transitioned to a fully underground operation, set to reach full capacity by 2022, when it will produce ...

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Surge in global metal mining threatens vulnerable ecosystems

The Indonesian Grasberg copper and gold mine, one of the world's largest mining projects, is such an example. Its concession area immediately neighbours …

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Rio Tinto sells $3.5bn stake in Grasberg mine to

The world's No.2 miner is selling its 40% in the giant Grasberg mine, the world's second largest copper operation, to Indonesia's state mining company PT Inalum.

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New doubts about Freeport's Grasberg licence

The deposit was first discovered in the 1930s and Freeport McMoRan has been mining copper, silver and gold at Grasberg in remote Indonesia since the 1970s. In terms of reserves, Grasberg is still ...

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Freeport, Indonesia work out Grasberg deal

Freeport shares jumped as much as 2.4% in early trade in New York, bringing gains so far in 2017 to nearly 25%. The pundits favourite regularly makes the most active list on the NYSE and the ...

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Thousands strike at Freeport's Grasberg mine in Papua

According to reports more than 7,000 workers from Freeport McMoRan's massive gold and copper mine in Indonesia's western Papua region started a week-long strike on Monday to demand better wages.

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Inside the Grasberg Mine in Indonesia

Inside the Grasberg Mine in Indonesia. Video. Smart Mining. Inside the Grasberg Mine in Indonesia. By Bizclik Editor. May 19, 2020. undefined mins. Share. Share. Featured Videos. View all. Featured. Hindustan Zinc's successful, digital sustainability journey. Arun Misra, CEO of Hindustan Zinc, ...

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More Grasberg uncertainty for Freeport

Freeport has been operating in Indonesia since 1972 and mining Grasberg for just under 30 years. Another headache for Freeport is the fact that it has to renegotiate its export permits every six ...

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Jakarta: Freeport could lose Grasberg control within 2 years

Phoenix-Arizona-based Freeport's has been mining at Grasberg in the remote Papua province since the early 1970s and currently owns just over 90% of the iconic mine.

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Grasberg gets new open-pit slope monitoring system

The $2 billion expansion is expected to transform Lumwana into a long-life, high yielding Tier 1 copper mine. Staff Writer | October 2, 2024 | 12:57 pm Visualizing the decline of copper usage in EVs

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