Advertisement
Canada markets open in 3 hours 42 minutes
  • S&P/TSX

    22,269.12
    +197.42 (+0.89%)
     
  • S&P 500

    5,277.51
    +42.03 (+0.80%)
     
  • DOW

    38,686.32
    +574.82 (+1.51%)
     
  • CAD/USD

    0.7317
    -0.0022 (-0.30%)
     
  • CRUDE OIL

    77.12
    +0.13 (+0.17%)
     
  • Bitcoin CAD

    94,331.96
    +2,218.63 (+2.41%)
     
  • CMC Crypto 200

    1,487.10
    +19.16 (+1.31%)
     
  • GOLD FUTURES

    2,346.00
    +0.20 (+0.01%)
     
  • RUSSELL 2000

    2,070.13
    +13.53 (+0.66%)
     
  • 10-Yr Bond

    4.5140
    -0.0400 (-0.88%)
     
  • NASDAQ futures

    18,666.00
    +75.00 (+0.40%)
     
  • VOLATILITY

    13.26
    +0.34 (+2.63%)
     
  • FTSE

    8,289.38
    +14.00 (+0.17%)
     
  • NIKKEI 225

    38,923.03
    +435.13 (+1.13%)
     
  • CAD/EUR

    0.6751
    -0.0011 (-0.16%)
     

Indonesia probe into deadly Freeport mining accident to take a week

JAKARTA (Reuters) - Indonesia's mining ministry expects an investigation into a deadly accident at Freeport-McMoRan Inc's copper mine to take a week, and open-pit mining will not resume until its conclusion, a government official said on Monday. Freeport on Saturday halted open-pit mining at its Grasberg copper mine, one of the world's biggest, after a truck collision killed four. "We can't resume their operations until we know the cause of the accident. We hope it won't take more than one week," Sukhyar, director general of coal and minerals at the mines ministry, told reporters. A Freeport spokeswoman said the U.S.-based company was cooperating with the government to determine the cause of the accident. Under normal conditions, the open pit produces around 140,000 tonnes of copper ore per day and the underground puts out about 80,000 tonnes.