A leader in Precious Metal News Commentary

Monday, October 17, 2011

Freeport Stops All Operations at Indonesia Mine

Freeport has stopped all operations at its Indonesia mine.

From the Wall Street Journal
JAKARTA—Freeport-McMoRan Copper & Gold Inc. stopped operations at its giant mine in Indonesia Monday after striking workers blocked the way and following four deaths near the mine last week.
"All accesses are blocked," by striking workers, PT Freeport Indonesia spokesperson Sinta Sirait told reporters, including the main entrance to the mine and the seaport that it uses. He said the company does not know yet when it will resume operations. Last week the local Indonesian unit of Phoenix-based Freeport-McMoRan operated at 80% of its capacity by using contract workers.
Read more>>

No comments:

Post a Comment