Bonus payment agreement ends strike at Freeport's mine

By Mining.com / October 10, 2016 / www.mining.com / Article Link

After a 10-day strike that hit Freeport-McMoRan's giant Grasberg open pit copper and gold mine in the Indonesian province of Papua, operations went back to normal on Monday.

According to Reuters, the company's Indonesian division and representatives of the PT Freeport Indonesia Chemical, Energy and Mining Workers Union finally reached an agreement related to bonus payments in dispute.

Close to 1,000 workers, mostly truck operators, stopped working by the end of September. The action had an impact on Grasberg's open-pit related processes and a processing plant, but it did not affect underground operations. Thus, output of copper and gold concentrate remained untouched.

Grasberg is one of the world's biggest gold and copper mines but, as Mining.com has reported, since 2011 the project has been plagued by labour unrest, accidents, and production glitches.

In fact, Freeport-McMoRan expects gold sales volumes at the mine to be 8.1% less this year than what it forecast in April, while copper sales will be 7.1% lower.

Recent News

Many new players enter TSXV gold Top 25 by market cap

July 14, 2025 / www.canadianminingreport.com

Gold stocks mixed on moderate metal gain, flat equities

July 14, 2025 / www.canadianminingreport.com

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok