Freeport declares force majeure on concentrate

Jun 12, 2013 | 09:11 AM | Andrea Hotter

Tags  Freeport, Grasberg, force majeure, copper concentrates, sales, Atlantic Copper, PT Smelting

NEW YORK — Freeport McMoRan Copper & Gold Inc.’s Indonesian subsidiary has declared force majeure on concentrate shipments from its Grasberg mine after an accident at the site forced it to temporarily suspend operations.

"Because of the temporary disruption, (PT Freeport Indonesia) has notified its customers of a force majeure event under its concentrate sales agreements," Freeport said June 12. ....

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