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Gold and Copper Sales Will Drop, Says Freeport-McMoRan After Mud Rush Kills 2. The Stock Is Falling
Two workers were found dead last weekend and five remain missing after a mud rush earlier this month at one of Freeport-McMoRan’s copper and gold mines in Indonesia, the company announced Wednesday. Around 800,000 metric tons of mud and debris entered the mine in the previously disclosed Sept. 8 incident, reaching the service level where the missing employees had been working. Mining operations in the surrounding Grasberg minerals district have been suspended since the mud rush, and the search continues for the five missing workers, the company said. “We are grieving for our coworkers lost in this tragic incident ... (full story)
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From finance.yahoo.com | Sep 24, 2025
Freeport-McMoRan said on Wednesday it was expecting consolidated sales to be lower by about 4% for copper and nearly 6% for gold in the third quarter, compared with its prior forecast, sending the miner's shares down 9% in premarket trading. Earlier this month, the company had temporarily halted mining in Indonesia's Grasberg mine after a large flow of wet ...
Freeport declares force majeure at Grasberg and cuts its 2025 consolidated sales forecast by 4% for #copper and 6% for #gold vs July 2025 estimates, it says. Comes after unprecedented mud rush fatally injures 2 workers, leaves 5 missing. Search ongoing FREEPORT-MCMORAN INC - UPDATES ON MUD RUSH INCIDENT AT GRASBERG MINE FREEPORT-MCMORAN INC - PT FREEPORT INDONESIA CONFIRMS TWO FATALITIES FROM INCIDENT FREEPORT-MCMORAN INC - SEARCH ONGOING FOR FIVE MISSING PTFI TEAM MEMBERS FREEPORT-MCMORAN INC - MINING OPERATIONS AT GRASBERG…
From bnnbloomberg.ca | Sep 25, 2025
Shares of Freeport-McMoRan tumbled Wednesday after the Phoenix-based miner said it expected a significant decline in third-quarter copper revenue due to an accident at its Indonesia mine earlier this month that will keep much of it shut down into the first half of 2026. Freeport said in a release Wednesday that it expects consolidated sales of copper to be ...
