PRESS RELEASE - Freeport to extend its overburden stabilization plan for the Wanagon overburden stockpile
Wednesday, September 13 2000 - 03:00 AM WIB
Freeport-McMoRan Copper & Gold (FCX) announced today that its principal mining unit, PT Freeport Indonesia (PT-FI), will extend its previously announced overburden stockpile stabilization plan for the Wanagon overburden stockpile, where a stockpile slippage occurred on May 4, 2000. The extension of the overburden stockpile stabilization plan has been approved by Indonesia's Department of Mines (DOM) and involves the placement of an additional 25 million metric tons of overburden on the Wanagon overburden stockpile during a period not to exceed six months. DOM will be actively involved with PT-FI in monitoring overburden placement operations during this period. PT-FI will continue working with DOM to complete a comprehensive report on a long-term plan for placing overburden in the Wanagon Basin area.
FCX is engaged in mineral exploration and development, mining and milling of copper, gold and silver in Indonesia, and the smelting and refining of copper concentrates in Spain and Indonesia. Additional information about FCX is available on our Internet web site (www.fcx.com).
Contact: Freeport-McMoRan Copper & Gold Inc., New Orleans
Financial Contact: Chris D. Sammons, 504/582-4474
Media Contact: William L. Collier, 504/582-1750 (*)