Freeport-McMoRan's Grasberg Project in Indonesia Gets OK for Mine Life Extension

SUGAR LAND--October 9, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy and mining company Freeport-McMoRan Incorporated (NYSE:FCX) (Phoenix, Arizona) announced that the government of Indonesia will approve the planned extension of operations at Freeport's Grasberg copper/gold mining and processing project beyond 2021. Industrial Info is tracking progress at the $1.2 billion Grasberg project, as well as more than $11.5 billion in other projects worldwide involving Freeport. Within this article: Details on the Grasberg project, as well as a related copper smelter from Freeport in Indonesia.