Freeport Halts Grasberg Mine as Roadblock Enters 4th Day
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Freeport-McMoRan Inc. halted production at Grasberg, the world’s second-largest copper mine by capacity, as workers blocked access to a road to the mine in Indonesia for a fourth day. The price of the metal climbed in London.
Freeport will continue talks with the workers to resolve the blockade, Daisy Primayanti, spokeswoman at PT Freeport Indonesia, said in a mobile phone text message on Thursday. The company suspended output starting Monday, while concentrate shipments remain unaffected from old stockpiles, said Juli Parorrongan, a spokesman for Freeport Indonesia workers’ union.