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View all search resultsThe extended maintenance shutdown at Freeport's Manyar smelter in Gresik has forced the mining giant to offload 100,000 tonnes of copper concentrate to the global market, offering timely respite amid an unprecedented shortage of the raw material.
Operations have resumed at the world's biggest gold mine in Indonesia, the company that runs it said Saturday, after workers blocked access to the site in protest at being stopped from visiting their families over virus concerns.
Gold and copper miner PT Freeport Indonesia has agreed to meet the demands of its employees at the Grasberg complex in Tembagapura, Papua, after more than 1,000 workers blocked access to the world’s biggest gold mine.
The move is aimed at ensuring workers at the world’s biggest gold mine and second-biggest copper mine can socially distance effectively and avoid any further spread of the virus, which has infected 17,514 and killed 1,148 in Indonesia, a Freeport Indonesia spokesman said.
The Energy and Mineral Resources Ministry decided this month to increase mining company Freeport Indonesia’s copper concentrate export quota to 700,000 wet metric tons (wmt), more than triple the previous quota of 198,282 wmt.
Indonesia and Freeport-McMoRan Inc. may sign a new agreement as soon as this weekend that will lay out a road-map for the transfer of majority ownership of the giant Grasberg copper and gold mine to a local firm, according to people familiar with the proposal.
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