Freeport Reports 7 Miners Trapped Underground At Grasberg, Mining Halted

Seven miners are currently stuck underground at Freeport’s (NYSE: FCX) Grasberg Block Cave underground mine in Indonesia. The workers became trapped after what Freeport described as a “large flow of wet material from a production drawpoint” on Monday evening.

The incident has reportedly blocked access to certain areas within the mine, including evacuation routes. Crews are said to be in the process of clearing the area to enable the evacuate of the seven trapped miners.

The miners meanwhile are said to be in a known location and “believed” to be safe.

Mining operations at the Grasberg minerals district have been suspended as a result of the event. An estimate timeline for the recovery of the employees was not provided.

Freeport holds a 48.76% ownership interest in the Grasberg minerals district, which contains one of the world’s largest copper and gold mines. The operation produces 1.7 billion pounds of copper and 1.4 million ounces of gold a year from a total of three mines within the district.

Freeport last traded at $46.66 on the NYSE.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Silver Still At 90:1, What If It Snaps Back To 15:1? | Glenn Jessome – Silver Tiger

Why This Gold Run Could Be Bigger | Roger Rosmus – Goliath Resources

Majors Don’t Want to Be Left Out of This Gold Run | Mike Bennett – Altamira Gold Corp

Recommended

Japan Gold Concludes Barrick Alliance After $23 Million In Spend, Discussions Ongoing With Potential New Partners

Sage Potash Outlines US$502 Million NPV For Flagship Sage Plains Project

Related News

Freeport Declares Force Majeure On Indonesia Copper Mine, Cuts Outlook By 35%

Freeport-McMoRan (NYSE: FCX) declared force majeure on contracted supplies from its Grasberg Block Cave mine...

Thursday, September 25, 2025, 10:25:20 AM

Freeport Q1 Earnings: Tariffs Are A GOOD Thing

There’s a name out there that released their first quarter financial results last week. And...

Saturday, May 3, 2025, 11:40:00 AM

Max Resource Options Out Cesar Copper-Silver Project To Freeport-McMoRan For $50 Million In Expenditures

Max Resource Corp (TSXV: MAX) has successfully attracted a mining major to its project in...

Monday, May 13, 2024, 09:17:57 AM

SEC Probes Freeport-McMoRan Over Indonesian Smelter Safety

The US Securities and Exchange Commission has launched an investigation into Freeport-McMoRan Inc. (NYSE: FCX)...

Monday, November 4, 2024, 12:56:00 PM