Operations, however, won’t resume until at least Oct. 7.
Grasberg Mining News
Operations at Freeport Grasberg copper mine remain blocked
Protesters are demanding management to review safety conditions following a fatal accident on Sept. 27.
Newmont ships first copper from Indonesia in eight months
30,000 tonnes of copper concentrate were sent out Monday.
Newmont abandons mining arbitration case against Indonesia
Operations at the miner's Batu Hijau copper and gold mine to resume soon.
Freeport, Indonesia make peace: copper exports to resume in August
Indonesia's top copper miner hopes next month to ramp up production and restart concentrate shipments from Grasberg, one of the world's largest copper mines.
Freeport to soon restart exports from Indonesia as gov’t offers tax cuts
About $500 million of exports a month have been halted in Southeast Asia's biggest economy because of the minerals dispute.
Indonesia lifts six-month ban of metal concentrate exports
The shipments, the first of their kind in six months, were allowed after Sebuku Iron Lateritic Ores (SILO) and Lumbung Mineral Sentosa agreed to pay the new 20% tax.
Indonesia to revoke Newmont license unless resumes output, lifts lawsuit
Authorities are is planning to send a letter to the Colorado-based miner saying that it has defaulted on its contract and, therefore, is “negligent."
Lundin Mining acquires Freeport-McMoRan copper mine in Chile — report
The transaction would be worth over $2 billion.
Freeport, Indonesia reach preliminary deal over copper exports
Newmont, instead, was called to return to the negotiation table or face the consequences.
Freeport-McMoran mulls selling one of largest copper mines in Chile
Sale of Candelaria mine could raise several billion dollars, according to people familiar with the matter quoted by WSJ.com.
Freeport, Indonesia make headway towards settling copper exports impasse
The parts agreed on basic framework for contract renegotiations for Grasberg mine.
Copper at 8-month low on disappointing China exports
Shanghai copper, in turn, went down beyond its 5% daily limit on Monday, hitting its lowest in more than four years.
Freeport may have to cut Grasberg output by 40%
The miner would need to lay off about 30,000 employees and dozens of contractors if it is not allowed to ship concentrates from the Indonesia.
Fresh threats for Freeport’s Grasberg copper-gold mine in Indonesia
Output may be affected by a ban on unprocessed ore exports that takes effect in 2014.
Freeport profit down 32%, to cut capital spending by $1.9bn
As a result of the almost two months stoppage at Grasberg, the miner lost about 125 million pounds of copper and 125,000 ounces of gold in the quarter.
Copper soars after Freeport McMoRan declares force majeure on Grasberg mine
Measure seeks to avoid liability on existing orders after production was suspended due to an accident.
Force majeure at large Chinese copper producer, supply cut by half
China’s third largest copper producer announcement comes only a few weeks after outages at two large copper mines in Indonesia and the US.
Indonesia tells Freeport to halt copper-gold mine for 3 months
The world's No. 2 copper mine has been practically halted from May 14 at estimated cost of about $15 million a day in lost production.
Freeport execs face probe over collapsed tunnel in Indonesia, mine to restart soon
Nine of the 12 witnesses questioned so far are top executives of PT Freeport Indonesia.
Copper peaks to six-week high on supply concerns due to Grasberg suspension
It reached $7,525, its highest level since April 12.
Freeport McMoRan: Labour dispute and lower copper prices pressuring stock
I'm not all that thrilled to be owning Freeport McMoRan Copper & Gold (FCX) right now. While the company's stock has tended to be highly correlated to the price of copper, that correlation has slipped a bit.
I'm guessing this has a lot to do with the violence and labor disputes at the company's Grasberg mine in Indonesia.
Freeport McMoRan resumes work at Grasberg gold/copper mine
The company resumed work at its massive Grasberg mine as expected on Monday for the first time since a suspension on Feb 23.
Thousands strike again at Freeport’s mine in Indonesia
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.
Outlook for copper murky at best
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.
