Monday, April 16, 2007

Freeport, Workers Yet to Agree on Wages Ahead of Rally Near Grasberg Mine

(Bloomberg) -- Freeport-McMoRan Copper & Gold Inc. and native Papuans at the world's second-largest copper mine in Indonesia have yet to reach a deal on wages, and a rally that may disrupt output will go ahead as planned on April 18.

Tongoi Papua, the group behind the action, has given Freeport until midnight tomorrow to agree to the demands, Frans Pigome, the leader, said today, without giving details. Freeport has no plans to meet Tongoi Papua in the near future, Mindo Pangaribuan, a spokesman for the company's local unit, said.


Read more at Bloomberg Commodities News

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