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Freeport declares force majeure at Grasberg, expects lower copper, gold sales

By Pooja Menon (Reuters) -Freeport-McMoRan on Wednesday declared force majeure at its Grasberg mine in Indonesia and said it is expecting consolidated sales to be lower for copper and gold in the third quarter, sending its shares down 10.4%. Earlier this month, the company had temporarily halted mining at Grasberg after a large flow of wet material blocked access to parts of its underground mine, restricting evacuation routes for seven workers. Freeport last week located two team members who had been fa ...