Finders suspends mining in Indonesia
PERTH (miningweekly.com) – Copper miner Finders Resources has suspended operations at its Kali Kuning openpit project, in Indonesia, following a series of pit wall failures.
The ASX-listed company on Friday noted that the failures predominantly consisted of sloughing of loose material from the side of the pit, which had previously experienced failures.
Waste from the recent failures has extended across the base of the pit, covering ore and impacting on mining activities.
Furthermore, the pit wall monitoring system has identified broader movements along the pit wall, which could be driving the sloughing, with Finders telling shareholders that a geotechnical review will now be undertaken to review the situation.
The review will include the development of a plan to complete mining of the Kali Kuning pit, with some 92% of the scheduled ore having already been recovered. Mining of the remaining 8% of the ore was scheduled for completion by May this year.
While the review is being undertaken, the mining equipment from the Kali Kuning openpit has been re-deployed to the Lerokis openpit development, with ore production from this mine expected to start in mid-March.
Finders said on Friday that the earlier start at Lerokis will partly mitigate the impact of the suspension of mining at Kali Kuning.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation