min2664
Tim Casten, Director of Freeport McMoRan Copper & Gold, USA was a refreshing speaker. His witty jokes entertain the crowd.
Grasberg Mine
He mentioned that the 1600 men/shift that works on Grasberg equates to the entire Disney world workforce standard.
It’s a massive scale he is talking about.
Grasberg is currently upgrading its current operations, also known as brownfield project, scaling it up for more production.
In a nutshell, Freeport McMoRan value drivers are:
1) Success of pre-production development and construction
2) Ability to ramp-up to full production (bearing in mind the limitations on construction and project financing etc.)
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