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Fire hits Indonesian port where Freeport processes Grasberg concentrate

Nov. 17, 2017 11:27 AM ETFreeport-McMoRan Inc. (FCX) StockFCXBy: Carl Surran, SA News Editor14 Comments
  • Freeport McMoRan (FCX +1.8%) says a fire broke out Thursday night at the main port it uses in Papua, Indonesia, where copper concentrate from its Grasberg copper mine is processed before loading onto vessels for shipping.
  • The cause of the incident is not yet known, but maintenance reportedly had been carried out at the port earlier in the day.
  • Separately, the Indonesian government is evacuating villages it says have been occupied by armed separatists after a string of shootings near the Grasberg mine; two police have been killed and at least 12 people wounded by gunfire in the area since mid-August.
  • The separatist West Papua National Liberation Army, which has claimed responsibility for the shootings, blames FCX’s presence for environmental destruction in the area around Grasberg.

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