Freeport’s Grasberg go-go days back as gold, copper prices rally
Mining News Pro - Phoenix-based Freeport McMoRan’s iconic Grasberg mine in the Papua province of Indonesia will become an entirely underground operation in a little over a year – nearly doubling copper and gold output in the process.
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Freeport Indonesia workers end protest at Grasberg
Mining News Pro - Workers at Indonesia’s Grasberg gold and copper mine on Friday ended a protest demanding an easing of a coronavirus lockdown at the mine operated by a local unit of Freeport-McMoran Inc, a workers’ representative and the company said.
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Workers bar access to Freeport Indonesia’s Grasberg mine
Mining News Pro - More than a thousand mine workers in Indonesia blocked access to the Grasberg gold and copper mine operated by the local unit of Freeport-McMoRan Inc on Monday to protest a coronavirus lockdown policy that halted bus services to meet with families.
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Freeport cuts workforce at Grasberg mine due to coronavirus spread
Mining News Pro - Freeport-McMoRan`s Indonesian unit said it will operate the giant Grasberg mine with a "skeletal team" after a rise in coronavirus infections in the area, including at the mine workers` living quarters, and three deaths.
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Barrick CEO sees no competition in his bid for Freeport’s Grasberg mine
Mining News Pro - Barrick Gold Corp Chief Executive Mark Bristow on Wednesday said he sees no competition from rivals in his pursuit of Freeport-McMoran Inc’s Grasberg copper-gold mine in Indonesia but cautioned any deal for the asset would take time to pull off.
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Global gold production dragged down by Grasberg
Mining News Pro - Despite frothy gold prices, global mine output declined during the third quarter, according to the World Gold Council’s latest report.
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Ivanhoe eyes DRC copper mine that will be larger than Grasberg and Oyu Tolgoi
Mining News Pro - Canada-headquartered Ivanhoe Mines is considering an expanded copper mining development in the Democratic Republic of Congo (DRC), which will rank the Kamoa-Kakula mine as the world’s second largest after the giant Escondida mine of BHP and Rio Tinto in Chile.
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Rio Tinto signs binding agreement for Grasberg sale
Mining News Pro - After 50 years as an open pit, the Grasberg mine is transitioning into the wold’s largest underground mine with a production rate of 240,000 t/d by 2023. (Image: Freeport McMoRan)
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Rio Tinto inks $US3.5bn sale of Grasberg interest
Mining News Pro - Rio Tinto has formalised the agreement to sell its copper interest in the Grasberg gold-copper mine to Indonesian state mining company PT Indonesia Asahan Aluminium (Inalum) for $US3.5 billion ($4.8 billion).
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Rio Tinto signs binding agreement for sale of Grasberg interest, Indonesia
Mining News Pro - Rio Tinto has signed a binding agreement to sell its entire interest in the Grasberg mine in Indonesia to PT Indonesia Asahan Aluminium (Persero) (Inalum), Indonesia’s state mining company, for $3.5 billion.
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Freeport seals deal with Indonesia on giant Grasberg copper mine
Mining News Pro - AKARTA – Freeport-McMoRan and Indonesia signed an agreement, paving way for the US miner to hand over majority control of the giant Grasberg copper and gold mine to a local State-owned company.
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Rio Tinto secures $4.7bn Grasberg deal
Mining News Pro - Rio Tinto has agreed to sell its interest in the Grasberg copper-gold mine in Indonesia to state-owned PT Indonesia Asahan Aluminium for $US3.5 billion ($4.7 billion).
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Rio is said to hold talks with Indonesia on Grasberg mine exit
Mining News Agency - Rio Tinto Group has held talks with Indonesian groups, including State-owned PT Indonesia Asahan Aluminium, about a possible exit from its interest in the giant Grasberg copper and gold operation, according to people with knowledge of the matter.
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