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Freeport Indonesia gets government OK to resume open-pit mining

Oct. 13, 2014 9:57 AM ETFreeport-McMoRan Inc. (FCX) StockFCXBy: Carl Surran, SA News Editor
  • Freeport McMoRan's (FCX +1.7%) Indonesian unit can resume open-pit mining at its Grasberg complex after it agreed to improve safety following a fatal accident last month, a senior mines ministry official says.
  • Hundreds of protesters blocked access for two days earlier this month to the open-pit area of Grasberg, where production had been halted following the death of four workers on Sept. 27; the area accounts for more than half of the mine's output.
  • Open-pit mining remains suspended, Freeport Indonesia CEO Rozik Soetjipto tells Reuters, as the company is still waiting for an official notice.

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