Production at Grasberg
Operations at the Grasberg mine in Papua New Guinea were impacted by heavy rains during February.
Freeport-McMoRan said production at
PT Freeport Indonesia’s (PT-FI) Grasberg
operations has been temporarily
disrupted because of significant rainfall
and landslides in the area of its milling
operations in Papua, Indonesia. Intense
rains on Saturday February 11, 2023,
resulted in flooding and a flow of debris,
causing damage to infrastructure near its
milling complex. Personnel were safely
evacuated from the localized area.
PT-FI is conducting a damage assessment
and preparing a recovery plan
to resume operations. Preliminary estimates,
which are subject to change as
assessments are completed, indicate
operations can be restored by the end of
February 2023. There is no impact to PTFI’s
long term plans.
PT-FI produces nearly 5 million lb/day
of copper and 5,000 oz/day of gold. As
a result of the disruption, FCX expects
its first-quarter 2023 sales to be lower
than the guidance provided on January
25, 2023, of 900 million lb of copper and
300,000 oz of gold.
As featured in Womp 2023 Vol 03 - www.womp-int.com