Freeport's Grasberg mine suspended after mud flow; 7 contractors missing

FREEPORT-MCMORAN INC

Mud flow on September 8 blocked access to seven PTFI contractors in Grasberg Block Cave service level.
PTFI has drilled into service level locations including near a refuge chamber but has not located workers.
Mining operations in Grasberg minerals district remain temporarily suspended to prioritize rescue.
Company will complete investigation and evaluate incident impacts, including revisions to near-term production forecasts.
Indonesian government authorities are on site reviewing the incident and monitoring rescue operations.

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