Credit: Wikipedia. Copper miner Freeport-McMoRan beat Wall Street estimates for fourth-quarter profit on Wednesday, helped by strong production and higher prices for the red metal, sending its ...
Freeport McMoRan Copper & Gold (FCX) chairman Richard Adkerson has twice flown to Jakarta this year as he tries to persuade President Joko Widodo's administration to make an early …
Planned to be commissioned in late 2023 or early 2024, the new facility will produce 1.7Mt a year of copper concentrate. Outotec will design and engineer the copper smelter in Indonesia. Credit: Outotec. Freeport McMoRan has started construction of a $3bn copper smelter facility in Gresik, East Java, Indonesia.
Indonesia's Neverending Freeport-McMoRan Saga ... July 20, 2017. Trucks are parked at the open-pit mine of PT Freeport's Grasberg copper and gold mine complex near Timika, in the eastern ...
Published 7:57 AM PDT, December 21, 2018. JAKARTA, Indonesia (AP) — Indonesia finalized the transfer of majority control over a giant gold and copper mine from U.S. company Freeport-McMoRan, the government said Friday, in a long-awaited deal that boosts the president's re-election campaign. The Phoenix, Arizona-based Freeport …
NORTH AMERICA. In North America, FCX operates seven open-pit copper mines — Morenci, Bagdad, Safford, Sierrita and Miami in Arizona, and Chino and Tyrone in New Mexico; and two molybdenum mines — Henderson and Climax in Colorado. Molybdenum concentrate, gold and silver are also produced by certain of FCX's North America …
Grasberg's proven and probable reserves estimate at its four producing mines and one undeveloped mine at end-2019 was pegged at 46.4 million ounces of gold, 18.9 million tonnes of copper, and ...
By NINIEK KARMINI. Published 7:57 AM PDT, December 21, 2018. JAKARTA, Indonesia (AP) — Indonesia finalized the transfer of majority control over a …
The story of the Amungme and Kamoro peoples and U.S. mining corporation Freeport McMoRan Copper & Gold(1) ("Freeport") offers one of the best-documented examples of how local communities have experienced and resisted the seizure of their traditional lands by government-backed multinational mining enterprises.
The construction of US mining giant Freeport McMoRan's Indonesian copper smelter, one of the biggest in the world, will be completed by the end of this year, an official at its Indonesian unit ...
The PT Freeport Indonesia copper and gold mining complex, consisting of an open-pit mine and two underground mines, is located in the remote highlands of the Sudirman Mountain Range in the province of Papua, Indonesia, which is on the western half of the island of New Guinea. Livelihoods & Infrastructure. Governance.
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.
Freeport's export permit expired on June 10, when Indonesia began its raw mineral export ban, and the company said it has not made any shipments since. Spokesperson, Katri Krisnati, confirmed to ...
Indonesia. About the Site. The PT Freeport Indonesia copper and gold mining complex, consisting of an open-pit mine and two underground mines, is located in the remote …
Freeport is able to conduct exploration, mining and production activities in the 24,700-acre area in agreement with the government of Indonesia. Mining operations include an open-pit mine, …
Freeport McMoran and Rio Tinto sold a majority interest in Grasberg to Indonesia's state-owned aluminium mining company, Indonesia Asahan Aluminium …
Last year, the iconic mine — the world's largest gold mine and second-largest copper operation — generated more than 500,000 tonnes of copper and over 1 million ounces of gold. Freeport's ...
Five people have died of COVID-19 at the mine with 724 confirmed cases as of Sept. 29, according to Mining Industry Indonesia, the state company holding a majority stake in Freeport's Indonesian ...
Average realized prices in first-quarter 2021 were $3.94 per pound for copper, $1,713 per ounce for gold and $11.62 per pound for molybdenum. Average unit net cash costs in first-quarter 2021 were $1.39 per pound of copper and are expected to average $1.33 per pound of copper for the year 2021.
Freeport McMoRan is one of the companies currently negotiating a new royalty deal with the Indonesian government. May or May Not Affect Grasberg. The …
The feedstock for Manyar will come from Freeport's Grasberg mine in Indonesia, the world's second largest active copper mine. Grasberg produces 688,400 tons copper or roughly 4% of global mined ...
The accident at Freeport-McMoRan's Grasberg mine, high in the mountains of Papua province, happened on Saturday in a mining area, said Riza Pratama, spokesman for the company's Indonesia unit.
PT Freeport Indonesia, a copper miner and subsidiary of Freeport-McMoran (NYSE: FCX), said on Thursday it has not yet received a long-awaited government …
Indonesia will take a majority stake in US miner Freeport-McMoran's group Grasberg copper and gold mine as part of an agreement that will allow the mine to keep operating after months of bitter ...
Freeport Indonesia, which employs around 24,000 workers, expects gold sales volumes at Grasberg to be 8.1% less this year than what it forecast in April, while copper sales will be 7.1% lower.
Arizona-based Freeport-McMoran has nearly doubled copper and gold production at its landmark Grasberg mine following a ramp-up from depressed COVID operations. Freeport-McMoran has produced 987 million pounds of copper in the third quarter, up from 844 million pounds in the same quarter last year. Gold production …
US miner Freeport-McMoRan Copper & Gold Inc. has agreed on a Memorandum of Understanding (MoU) with the Indonesian government over its contract renegotiations, a major step in resuming copper exports from the country.. The dispute between Freeport and Indonesia began when the country introduced a new export tax …
Indonesia will take a majority stake in US miner Freeport-McMoran's group Grasberg copper and gold mine as part of an agreement that will allow the mine …