Freeport Indonesia Ups Output, Says Some Workers Back

Reuters reported that Freeport McMoran Copper & Gold Inc (NYSE:FCX) is scaling up mining and milling output and concentrate sales at its giant Indonesian mine after some workers are back.

As quoted in the market news:

About 12,000 of Freeport’s 23,000 Indonesian workers have joined the strike that started on Sept. 15, reducing mining, processing and concentrate shipments from Grasberg, the world’s third-largest copper mine.
Unionised workers decided on Thursday to remain on strike until Nov. 15, making this the longest stoppage in Indonesia’s mining industry.

The union said Freeport representatives had been unable to attend a meeting with members of the local government and parliament in Jayapura, capital of remote Papua province where the mine is located.

Click here to read the full Reuters report