Freeport predicts lower 4th-qtr. production at Indonesian mine
Nov 29, 2005 | 09:14 AM
| Sean Barry
Fourth-quarter production of copper and gold at Freeport-McMoRan Copper & Gold Inc.'s Indonesian mine will fall short of expectations because of lower-than-expected ore grades.
Copper production at the Grasberg open-pit mine is currently 5 percent below previous estimates of 480 million pounds, while gold production is 10 percent below estimates of 1.1 million ounces, the company announced Tuesday from its temporary headquarters in Baton....
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