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Freeport-McMoRan's Indonesia operations unaffected by fatal accident

Sep. 15, 2014 11:23 AM ETFreeport-McMoRan Inc. (FCX) StockFCXBy: Carl Surran, SA News Editor
  • Freeport McMoRan (NYSE:FCX) says mining activities at its eastern Indonesian unit have not been affected by an accident that claimed one life, but development work has been suspended as the company and a government team investigate the incident.
  • An Indonesian worker was killed over the weekend by falling rocks while working at the underground mine Grasberg Block Cave.
  • FCX is developing the underground mine, which it expects to yield ~160K metric tons/day of ore; open-pit mining will end late 2016.

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