Grasberg Mine
The largest gold mine and third largest copper mine in the world the the Grasberg mine has a turbulent past involving decades of expedition, rebel attacks and a construction cost that went $55...
Indonesia extends Freeport operating permit for Grasberg
Freeport's partner in Grasberg, Rio Tinto (ASX, LON:RIO) and state-owned PT Indonesia Asahan Aluminium, known as Inalum, are also involved in negotiations, as the Melbourne-based mining giant ...
Freeport Indonesia hopes flood-hit mine can partially
The mine typically produces nearly 5 million pounds of copper concentrate and 5,000 ounces of gold daily. Freeport Indonesia hopes flood-hit mine can partially resume before month's end - MINING
Freeport Indonesia suspends some work at …
Freeport-McMoRan said it expected first-quarter 2023 sales to be lower than the previous outlook provided in January for 900 million pounds of copper and 300,000 ounces of gold, but it did not ...
Mitsubishi Materials, Freeport Indonesia expand copper
Mining Recommends Las Bambas copper output pegged at 400,000t in 2025 The Chalcobamba pit mine, part of Las Bambas, would play a key role in output this year.
Indonesia, Freeport said to near new deal for …
A deal for Rio to sell its interest in Grasberg could be structured so that Freeport's obligation to divest its own stake in the mine would be reduced, Christopher LaFemina, an analyst with ...
Grasberg gets new open-pit slope monitoring system
"Grasberg mine is one of the few mines in the world that utilises very high-technology monitoring equipment to help detect slope movements. The IBIS-M radars are top-of-the-line radars, using ...
Indonesia says it will extend copper export permits for
Freeport is preparing to ship as much as 900,000 metric tons of copper concentrate, starting in June, from its Grasberg mine after positive talks with Indonesia to extend its export licence, two ...
Copper soars after Freeport McMoRan declares force majeure on Grasberg mine
Copper futures rallied Wednesday after Freeport McMoRan Copper & Gold Inc. (NYSE:FCX) declared force majeure at its Indonesia's Grasberg mine, the world's second largest copper operation ...
Thousands stranded after landslide, but mine …
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 ...
Grasberg Mine: A Beacon of Mining Excellence in …
The Grasberg mine, which lies at an elevation of 4,270 meters above sea level, is renowned for its rich deposits of gold and copper. It boasts the largest gold reserve and the second-largest copper reserve in the world.
Grasberg Mine
The Freeport-owned Grasberg mine in Papua province, Indonesia, is the world's largest gold mine, the third largest copper mine and the highest mine in the world. The workings include a very large open pit mine, an underground mine and …
Freeport cranks up copper output as rivals scour …
Global demand is poised to jump at least 60% by 2050, according to the International Energy Agency. Analysts at Jefferies expect prices for the red metal to rise more than 40% in the next two years.
Norway's $1 trillion fund resumes investing in miners
Rio Tinto (ASX, LON: RIO) was excluded in 2008 based on the risk of causing severe environmental damage related to Indonesia's Grasberg mine, the world's second-largest copper mine.
Freeport-McMoRan cuts forecast after floods damage
Freeport now expects its Q1 sales to be lower than the previous outlook of 900 million pounds of copper and 300,000 ounces of gold.
Optimisation of Grasberg (copper/gold) block cave haulage
A paper at the SME Annual Meeting at the beginning of the month considers the feasibility study for the Grasberg block cave mine (IM, March 2010), finalised in May 2008, that indicated a ...
Global gold production dragged down by Grasberg
Peru's 12% decline in mine production was a consequence of falling grades due to mine scheduling. Indonesian output saw the largest y-o-y decline in Q3 – down 41% on the back of a plunge in ...
Freeport Indonesia to shift to all-underground mining by 2022
Freeport Indonesia, operator of Grasberg, the world's second-biggest copper mine, is on track shift to all-underground mining by 2022, its chief executive said on Sunday.
Freeport says Grasberg mine back to normal after floods
Copper miner Freeport Indonesia has restored operations at its huge Grasberg mine in Indonesia's Papua region, after it was hit by floods, a company spokesperson said on Wednesday.
Major Mines & Projects | Grasberg Mine
Mines with autonomous mobile equipment. Equipment type, model, size and quantity. Full profiles of select mines and projects.
COPPER-GOLD: Grasberg talks underway says Rio
The Grasberg open pit is one of the world's largest, but the project is transitioning to an underground block caving mine expected to reach full capacity of 160,000 t/d by 2022. Grasberg has also begun work on the Deep …
Rio Tinto about to offload stake in Grasberg mine for $3.5 billion
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 ...
Freeport Indonesia workers end protest at Grasberg
Workers at Indonesia's Grasberg gold and copper mine on Friday ended a protest demanding an easing of a coronavirus lockdown at the mine operated by a local unit of Freeport-McMoran Inc, a ...
Strike hits Freeport's Grasberg mine in …
Close to 1,000 workers at Freeport-McMoRan's (NYSE:FCX) giant Grasberg open pit copper and gold mine in the Indonesian province of Papua have gone on strike over bonus payments, disrupting ...
Freeport-McMoRan shares drop after trimming copper outlook
Suppliers Equipment; TOP 50; USA; Canada; ... conditions" expected to slow down its expansion at Indonesia's Grasberg copper mine from 2023 to 2025. ... Metal Mining Co 5713.Towns about 44% of ...
Indonesia to grab Rio Tinto stake in Grasberg mine
After pumping billions into Grasberg copper-gold mine in Indonesia for almost 25 years, Rio Tinto (ASX, LON, NYSE: RIO) might finally be about to see a decent return as the country's government ...
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 ...
Mining for Returns: Capital Investment in Mining
Plant and Equipment Acquisition, and Infrastructure: Mining requires heavy machinery and equipment, such as excavators, haul trucks, and drilling rigs. It also involves investment in infrastructure, including the development of an electricity supply system, water management, and camps to accommodate workers.
Freeport shares plunge on Grasberg troubles
Grasberg boasts some of the world's largest copper and gold reserves and Freeport said it may have to suspend planned spending of around $1 billion per year through 2021 to transition the mine ...
Freeport does not want to be 'distracted' by buyout offers
Executives at rival miner Barrick Gold Corp have openly talked in recent months about their interest in buying all or part of Freeport, especially Grasberg, the world's largest copper mine.