Openpit Mining Resumes at Full Capacity at Freeport’s Grasberg, Underground Mining Still on Hold

Mining Weekly reported openpit mining at Freeport McMoRan Copper and Gold’s (NYSE:FCX) Grasberg mine in Indonesia has now returned to full capacity, after having been closed since mid-May while probes into a series of fatal accidents were ongoing.

As quoted in the market report:

The openpit mine normally produces between 140 000 t and 150 000 t of copper ore per day, while output from the underground operations is 80 000 t. Freeport was forced to declare force majeure on shipments after the accident.

To view the whole Mining Weekly report, click here.