Gold loses some luster after Trump’s decisive win
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A landslide Saturday near Freeport McMorran’s Grasberg mine left thousands of workers stranded, but was not expected to impact operations at the world’s largest copper mine, a company spokesperson told Reuters:
A weekend landslide buried a key road access tunnel to Freeport-McMoRan Copper & Gold Inc’s Grasberg mine in Papua, Indonesia, leaving thousands of workers stranded, but a company spokesman said operations were continuing as normal.
Freeport is the world’s largest publicly traded copper miner, while Grasberg has the world’s largest recoverable reserves of copper and the largest gold reserves.
Saturday’s landslide prevented thousands of workers from reaching the mine, situated in the highlands of eastern Papua province, but a helicopter was seen ferrying some staff before cloud and mist descended.
About 60 buses used to transport workers were parked in the lowlands, below the blocked tunnel.
“There was ground failure at Hannekam Tunnel on March 5. The tunnel is currently closed while work is completed to address the failure,” spokesman PT Freeport Indonesia spokesman Ramdani Sirait said in an emailed statement.
“This ground failure occurred outside PT Freeport Indonesia’s mining area and production continues normally,” he added.
Comments
Pramod Rajmeny
We wish a very quick and safe clearance of the tunnel blockage onway to the mine site. The terrain leading to the mine site is full of steep ridges of Mahalaxmi ranges and the mine management is succesfully keeping the road protected against such land slides.
We wish all success. I happen to visit the mine last year with my colleagues Mr. Khator & Mr. Vinod. We all are mining engineers.
Regards,
Dr. Rajmeny