Early in September, a mud rush estimated to be 800,000 tons erupted and quickly swept through a large section of the Grasberg mine owned by Freeport-McMoRan in Indonesia. Two workers are confirmed to have died in this disaster and five more are still missing.
Because of the incident in Indonesia, the expected supply deficit for next year has suddenly ballooned to 400,000 tons from the previous estimates of 72,000 tons. That’s how much an incident at a major firm can shock the supply chain the world relies upon. As exploration companies like Torr Metals Inc. (CVE: TMET) advance their programs, hopefully, more production sites will ease the shocks triggered by…
NOTE TO INVESTORS: The latest news and updates relating to Torr Metals Inc. (CVE: TMET) are available in the company’s newsroom at https://ibn.fm/TMET
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