Freeport reaches labor deal at Grasberg Mine

Dec 14, 2011 | 05:23 PM |

Tags  FReeport-McMoRan, Grasberg Mine, copper, gold, labor deal, strike, James R. Moffett, Richard C. Adkerson

NEW YORK — Employees at Freeport-McMoRan Copper & Gold Inc.’s Grasberg Mine in Indonesia will return to work in coming days, the company said Wednesday.

The Phoenix-based copper company has reached a labor agreement with union workers, ending a strike that began Sept. 15. The company agreed to increase base wages by 24 percent in the first....

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