EDFD

(redirected from Grasberg)
Also found in: Wikipedia.
AcronymDefinition
EDFDEd Dixon Food Design (Australia)
EDFDGrasberg (airport code; Germany)
Copyright 1988-2018 AcronymFinder.com, All rights reserved.
References in periodicals archive ?
In Timika, a city in the neighbouring province of Papua, where the giant Grasberg copper and gold mine operated by the Indonesian unit of Freeport McMoran is located, thousands of protesters threw rocks at a parliament building, houses, shops and a hotel.
* Several positive milestones were achieved during second-quarter 2019 related to the underground production ramp-up in the Grasberg minerals district, which is expected to produce large-scale quantities of copper and gold in future years.
Adkerson, President and Chief Executive Officer, said, 'We are pleased to report that execution of the underground ramp-up at Grasberg is advancing according to plan and recent milestones are encouraging as we target increasing volumes and cash flows from the Grasberg minerals district.
Richard Adkerson, President and CEO, said, "We are pleased to report that execution of the underground ramp-up at Grasberg is advancing according to plan and recent milestones are encouraging as we target increasing volumes and cash flows from the Grasberg minerals district.
* In addition, on 12 July 2018, the Group announced the signing of a non-binding Heads of Agreement to sell its interest in Grasberg for $3.5 billion
Headquartered in Phoenix, Arizona, the company's assets includes the Grasberg minerals district in Indonesia, one of the world's largest copper and gold deposits, as well as mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.
Ahead of the polls, Widodo has been burnishing his own nationalist credentials, including taking back control of the giant Grasberg gold and copper mine from US operator Freeport-McMoRan.
Fitch estimates leverage at above 6x and coverage, defined as Inalum's standalone EBITDA to interest coverage, including free cash flow generation at subsidiaries on a proportionate basis and recurring dividends after netting off capex commitments for Grasberg, at below 1x.
It is the leading deposit of the Zarafshan gold mining complex, which ranks second in the world in terms of gold production volume (after the Grasberg enterprise in Indonesia).
Adding to that, production at the world's second biggest mine, Grasberg in Indonesia, struggled during the first quarter.