Thousands of workers at Freeport-McMoRan Copper & Gold Inc's (NYSE:FCX) Indonesia unit stopped working on Thursday following an unsettled ongoing dispute with the organization, reports Reuters.
The company resumed work at its massive Grasberg mine as expected on Monday for the first time since a suspension on Feb 23.
Copper prices fell on Wednesday after China raised interest rates and Portugal’s debt joined the junk ranks but the longer term outlook for the metal remains murky. Arguments on both sides make sense: Bulls point to labour unrest at Freeport and Codelco and the vagueries of weather while the more bearish highlight Japanese smelter outages and Chinese destocking.
Hong Kong-based G-Resources Group Ltd. (1051.HK) is on track to becoming a significant gold producer in Asia, with construction already started on the Martabe gold and silver mine in North Sumatra, Indonesia.
A new conveyor idler aligner featuring a safe and effective method to manually fine tune OEM-style self-adjusting idlers has been introduced by Martin Engineering. Read more
The April issue of IM includes the penultimate article on PT Freeport Indonesia (PTFI) and looks at oreflow to the concentrator and overburden handling. Obviously an operation of this size employs hundreds of kilometres of conveyor belt. Cleaning those belts properly is vitally important and relies on Martin Engineering belt cleaners.
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 production capacity of 160,000 t/d. A rail haulage system was an integral part of the mine design. This paper describes the simulation [...]
Freeport-McMoRan plans to build a cement plant to meet both the needs of the Grasberg mine and the infrastructure demands for the province of Papua.
A healthy population is at the heart of sustainable development is a philosophy wholeheartedly embraced by Freeport-McMoRan Copper & Gold and Freeport Indonesia. On a typical day in Tembagapura, the town near the great Grasberg mine that is currently the subject of a series of articles in International Mining, the 100-bed employee hospital is abuzz with activity. [...]
International Mining welcomes editorial contributions for its October issue – deadline September 4. Articles being worked on include new developments in conveying, better machines and ancillaries for comminution, the problems of working deep open pits and the dynamic mining industry of Kazakhstan with participation from domestic and international mining companies. The series of articles on [...]
A contract security employee at Freeport-McMoRan Copper & Gold Inc.'s Grasberg mine in Indonesia was shot and killed Sunday, the second deadly act of violence to occur near the Phoenix-based company's massive foreign complex in two days.
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.