After fatal incident, Freeport aims to resume Grasberg copper production by July

Freeport-McMoRan announced its intention to resume production at the Grasberg copper and gold mine in Indonesia by July, following a fatal incident that occurred two months ago, halting operations. On September 8, seven workers lost their lives when approximately 800,000 metric tons of wet mud flooded the Grasberg Block Cave, one of the mines at the complex. Grasberg is known as the world’s second-largest copper mine and largest gold mine, making it a crucial asset for Freeport amid increasing demand for copper due to the expansion of electric grids and electric vehicles. The extended disruption has been closely monitored by metal markets concerned about potential supply shortages.