Freeport Indonesia Hit by Two Explosions
The two small bombs that exploded near Freeport-McMoRan Copper & Gold Inc.‘s Grasberg mine did not affect the operations.
“There are no victims and Freeport operations are running normally,” Pangaribuan said. “Police are investigating the cause of the explosions.”
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The Grasberg mine is thought to be the world’s third largest copper reserve and makes up 40% of Freeport’s 93 billion pounds of total copper reserves.
Freeport’s Indonesian unit expects copper output at Grasberg to rise 6 percent this year to 1.2 billion pounds (544,316 tonnes) as it explores new areas in the mine in the remote province of Papua.
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Fri, Sep 12, 2008
Post by Mike Rodger, Copper Reporter