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geowizard
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Freeport's Gold Production ( 18:14:48 SatMar 18 2017 )

One of Freeports mines in Indonesia is sending workers home!

The government is banning copper exports. :confused:

The report also gives Freeport 2017 Gold Production/Sales at 460,000 ounces at February 14th 2017.

Much of this GOLD is sold on the market.

Freeport McMoran is a big producer of copper and byproduct metals here, in Arizona. I constantly see semi truck-trailers loaded with Copper Anodes going East to the refinery in Amarillo and refined cathode copper returning.

Copper refining in Amarillo produces byproduct GOLD and Silver!

Here's the report:

http://www.mining.com/freeport-halts-grasberg-mine-begins-sending-workers-home/

- Geowizard
[1 edits; Last edit by geowizard at 18:15:45 Sat Mar 18 2017]

  
pascalfortier
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Re: Freeport's Gold Production ( 15:39:57 FriMar 24 2017 )

If you appreciate how the mine is laid out it is an amazing picture, on the article.

  
geowizard
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Re: Freeport's Gold Production ( 22:33:42 SatMar 25 2017 )

Pascal,

It is the Largest gold mine in the world and the third largest copper mine in the world.

The history and reason for it's discovery and development comes from the search for the source of placer gold.

An interesting read;

https://en.wikipedia.org/wiki/Grasberg_mine

- Geowizard

  
geowizard
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Re: Freeport's Gold Production ( 14:09:03 SunMar 26 2017 )

Small GOLD miners;

The Largest GOLD mines in the world affect the smallest GOLD mines in the World!

The GOLD market is affected by social and political control of GOLD production in countries like Indonesia. When a GOLD mine has labor issues and the labor force goes on strike or Governments limit exports, especially in the case of a Large GOLD mine, it affects the supply side. Simple economics dictate that when the supply goes down, prices go UP. :smile:

- Geowizard
[1 edits; Last edit by geowizard at 14:09:59 Sun Mar 26 2017]

  

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