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....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results