Tag Archives: Freeport

Copper Jumps as Freeport Declares Force Majeure at Grasberg  Bloomberg.com Freeport-McMoRan Says Its Gold and Copper Sales Will Drop. The Stock Is Falling.  Barron’s Freeport shares tumble, copper futures rise on guidance cut due to Indonesia mine accident  The Hill Copper prices jump as US miner Freeport warns it will not meet contracts with customers  Financial Times Freeport declares force majeure at Grasberg, expects …

(Reuters) -Freeport-McMoRan on Wednesday declared force majeure at its Grasberg mine in Indonesia and said it is expecting consolidated sales to be lower for copper and gold in the third quarter, sending its shares down 10%. Earlier this month, the company had temporarily halted mining at Grasberg after a large flow of wet material blocked access to parts of its …