Rio and Freeport sell 51% stake in Grasberg mine …

Rio Tinto and Freeport McMoRan have reached agreements to divest a majority stake in the Grasberg copper and gold mine to Indonesian state mining company PT Indonesia Asahan Aluminium (Persero) (Inalum) …

Freeport-McMoran ramps up Grasberg, nearly …

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 …

Freeport Indonesia suspends some work at …

Freeport Indonesia's daily output was nearly 5 million pounds of copper and 5,000 ounces of gold, the company said late on Monday. Preliminary estimates indicate operations can be restored by ...

Grasberg Open Pit, Indonesia

The reserves also contains 0.98g/t gold and 3.87g/t silver. Ownership belongs to Freeport McMoran Copper & Gold (67.3%), Rio Tinto (13%), Government of Indonesia (9.3%) and PT Indocopper Investama Corporation (9.3%). Around 18,000 people work at the mine, which is operated by PT Freeport Indonesia, a subsidiary of Freeport …

Freeport pressed to give most of Grasberg copper …

Last year, Grasberg — the world's second-largest copper mine and fourth largest gold operation — generated more than 500,000 tonnes of copper and over 1 million ounces of gold. The...

Freeport to yield control of giant Grasberg copper mine to …

The company has greed to reduce its stake in the Grasberg mine to 49% in exchange for licenses to operate the massive copper and gold pit until 2041.

Freeport in early discussions to extend copper mine rights in …

US-based mining company Freeport-McMoRan is in preliminary talks with the Indonesian Government to extend its rights to the Grasberg copper mine past 2041, reported Mining via Reuters citing the company CEO.. The move comes as the publicly traded mining company looks to continue as a 'dominant global producer' of …

Distraction or disaster? Freeport's giant Indonesian mine …

Item 1 of 2 FILE PHOTO: Trucks are parked at the open-pit mine of PT Freeport's Grasberg copper and gold mine complex near Timika, in the eastern region of Papua, Indonesia on September 19, 2015 ...

Grasberg Open Pit Copper Mine, Tembagapura, Irian Jaya, …

Death and destruction caused by mining in West

The Grasberg copper-gold mine in West Papua. By Richard Solly, Co-ordinator, London Mining Network The most shocking words spoken at this morning's Rio Tinto AGM were these: "I am not sure I can answer that question." Maybe they don't sound so shocking out of context. This is the context. In 1969, Indonesia annexed West Papua.

What's next in store for Indonesia's Grasberg mine?

Nonetheless, Grasberg, one of the world's largest copper and gold mines, has been the subject of intense arguments over recent months, which has threatened to turn ugly at times. The players in this particular dispute are US miner Freeport-McMoRan and the Government of Indonesia.

Grasberg Mine – Tembagapura, Indonesia

The Grasberg Mine is a vast open pit mine in Papua, Indonesia, forming a crater an entire mile wide. For years it has been one of the most productive mines in the …

Grasberg Mine, Indonesia

Located in the Sudirman Mountains of the Irian Jaya province of Indonesia, the Grasberg complex (also known as the Freeport Mine) is one of the largest gold and copper mining …

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Grasberg Mine

Grasberg Mine Owner: Freeport-McMoRan Type of Mine: Copper, Gold Location: Papua, Indonesia Built: 1990 The largest gold mine and third largest copper […]

FIFTY YEARS OF CORPORATE EXPLOITATION: THE STORY OF …

The Grasberg Copper and Gold Mine, the largest in the world of its kind, is carved out of a mountaintop 14,000 feet above sea-level in the highlands of Papua, Indonesia. In fact, the open-pit mine is so large that the crater can be seen by astronauts in the International Space Station. It is estimated to contain $108 billion worth of minerals ...

Grasberg Gold Mine Project | Indonesia

Brunel supported the Grasberg Gold Mine in Indonesia through Recruitment, Immigration and Global Mobility services. ... Arizona. They operate large, long-lived geographically diverse assets with significant proven reserves of copper, gold and molybdenum. Their portfolio of assets include one of the world's largest copper and gold deposits ...

Security forces kill 2 Papuan rebel leaders in shootout near …

Freeport-McMoRan has been mining the Grasberg's vast gold and copper reserves for decades. Several environmental groups have accused the company of damaging the surrounding territories primarily via waste dumping. The mine provides a significant tax income for the Indonesian government, according to local reports.

Freeport pressed to give most of Grasberg copper …

Last year, Grasberg — the world's second-largest copper mine and fourth largest gold operation — generated more than 500,000 tonnes of copper and over 1 million ounces of gold.

New milestones in Grasberg underground move

Over its life, PT-FI expects to produce 17 billion pounds of copper and 14 million ounces of gold from the Grasberg Block Cave. In 2023, the miner expects to produce an average of 130,000 metric tonnes of ore per day from five production blocks spanning 335,000 square meters in the underground mine. There are currently three …

Grasberg Open Pit Copper Mine, Tembagapura, Irian Jaya, …

Grasberg mine has the single largest known gold reserve and the second largest copper reserves in the world. It is located 96km north of Timika, at Tembagapura in Irian Jaya – the most easterly of Indonesia's provinces – on the western half of the island of New Guinea. Grasberg minerals district includes open-pit and underground mines.

Freeport-McMoRan cuts forecast after floods damage …

The mine typically produces nearly 5 million pounds of copper and 5,000 ounces of gold daily. Grasberg, which is located on the island of Papua's Sudirman mountain range, is majority controlled ...

OUR HISTORY

Freeport-McMoRan Inc. ("FCX"), formerly known as Freeport-McMoRan Copper & Gold Inc., was established in 1988 following the discovery of the Grasberg copper and gold deposit in Papua, Indonesia, when FCX's former parent company, then known by the New York Stock Exchange trading symbol of "FTX", sold 20 percent of the company in an …

Freeport's Grasberg go-go days back as gold, …

Freeport's iconic open cut mine in Indonesia is going underground – nearly doubling copper and gold production and earning $8 billion per year in the process.

New milestones in Grasberg underground move

Over its life, PT-FI expects to produce 17 billion pounds of copper and 14 million ounces of gold from the Grasberg Block Cave. In 2023, the miner expects to produce an average of 130,000 metric …

Indonesia signs record deal to gain control of Grasberg gold …

The US$3.85 billion (S$5.3 billion) deal will allow Indonesia to own a 51 per cent stake of the Grasberg mine, the world's second-largest copper mine which also produces gold. It currently owns ...

Grasberg minerals district

The Grasberg minerals district is a copper, gold, and silver porphyry skarn deposit located in the remote highlands of the Sudirman Mountain Range in the eastern province of Papua, Indonesia, on the western half of the island of New Guinea. The district includes the following operating underground mines: Grasber g Block Cave (GBC), Deep Mill Level

Grasberg Copper-Gold Mine

Freeport McMoRan and its main contractors such as Redpath are long standing partners of Sika. Sika supplies large quantities of supplies to the Grasberg operation including concrete admixtures for self- compacting shaft lining concrete and shotcrete, shotcrete accelerators, two component injection resins and refurbishment products.

Grasberg mine

PT Freeport Indonesia (PTFI) is the company that currently manages Grasberg mine. The mining company is a joint venture between Indonesian and American interests, with the Indonesian government through its state-owned company PT Mineral Industri Indonesia (MIND ID) and PT Indonesia Papua Metal & Mineral, a company co-owned by MIND ID …

Grasberg Block Cave Underground Mine

The Grasberg Block Cave mine targets the deeper copper-gold located under the Grasberg open-pit mine that was operational since 1990 till it was transitioned into an underground mine in 2019. The underground mine development involves the installation of an automated rail system on four levels of the mine for transporting ore to the surface.

Freeport's Grasberg go-go days back as gold, …

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 ...

Foreigners Have Long Mined Indonesia, but Now There's an …

An open-pit mine at Freeport-McMoRan's Grasberg copper and gold mine complex in Indonesia's Papua Province. ... compares with about $3.1 billion worth of gold and copper mined in 2015. But the ...

Ten largest gold mines in the world

Grasberg gold mine in the Papua province of Indonesia was discovered in 1988. The Grasberg mining operation consists of the Grasberg open-pit and four underground mines, namely DOZ, DMLZ, Big Gossan, and Grasberg Block Cave (GBC). ... (PTFI), a subsidiary of Freeport-McMoRan Copper & Gold (FCX). PTFI owns 90.64% …

Grasberg: Mining the richest and most remote deposit of …

Grasberg: Mining the richest and most remote deposit of copper and gold in the world, in the mountains of Irian Jaya, Indonesia [Mealey, George A.] on Amazon. *FREE* shipping on qualifying offers.