Earlier this month, Freeport-McMoRan announced a tragic mud rush at its Grasberg Block Cave mine in Indonesia, resulting in fatalities, missing workers, and a suspension of mining operations, ...
Goldman Sachs lowered on Thursday its global copper mine supply forecast for 2025 and 2026 following a disruption at Indonesia's Grasberg, the world's second-largest copper mine.
The company anticipates a reduction in copper and gold sales due to the disruption of operations after a mud rush incident.
Copper prices jumped more than 3% after Freeport-McMoRan detailed significant impacts from the suspension of its Grasberg Block Cave mine in Indonesia following a deadly mud rush incident.
The copper market is long accustomed to unexpected supply hits but the catastrophic events at Freeport-McMoRan's Grasberg mine in Indonesia are unprecedented in terms of scale and potential impact.
Freeport-McMoRan shares extend losses after the top copper miner declared force majeure on contracted supplies from its Grasberg mine in Indonesia following a fatal mudslide accident.
The copper market has been jolted by disruptions at Indonesia’s Grasberg mine, with ripple effects spreading across supply forecasts and price expectations.
Freeport-McMoRan Inc.’s declaration of force majeure at its Grasberg mine in Indonesia — where two employees are dead and five missing after a massive mud flow — couldn’t have come at a worse time for ...
Grasberg Production Incident Heightens Expectations of Disruptions on Copper Supply Side] According to a report by Freeport-McMoRan, since the slurry accident at the Grasberg copper mine in Indonesia ...
Copper prices surge as Freeport declares force majeure at Grasberg mine after deadly mud flow, deepening global supply shortages.
LONDON: Copper prices fell on Friday as this week’s rally, driven by supply concerns following an accident at the world’s second-largest mine, impacted demand.
A halt in production at the giant Grasberg copper mine in Indonesia looks set to strain the fractious relationship between miner Freeport-McMoran Inc. and its host nation, at a time when the Jakarta ...