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View all search resultsThe already constrained global copper market is likely to worsen on the miner's decision to postpone resuming full operations at the Grasberg mine by a year, primarily because its key underground mine is yet to recover from last September's fatal landslide, according to its president director.
The Energy and Mineral Resources Ministry has approved the reopening of the Deep Mill Level Zone (DMLZ) and Big Gossan mines, both of which had been shut down as part of a broader halt following a deadly accident at the Grasberg mining site in September.
The mining giant has confirmed that smelting activity at its Gresik facility has been suspended for over a month after the copper concentrate supply was disrupted due to the operational shutdown at its Grasberg mine following the mudslide incident in September, which killed seven workers.
The mining giant recovered on Sunday the bodies of five remaining workers who went missing on Sept. 8, bringing an end to a nearly monthlong search and rescue effort for seven total workers, all confirmed deceased.
Around 800,000 metric tons of wet material flooded the mine on September 8, when material from an extraction point flowed at one of five sections of the Grasberg Block Cave underground gold and copper mine in Tembagapura.
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