Freeport-McMoRan Inc (FCX.N)
17 Feb 2017
* Freeport Indonesia unit lays off about 10 pct of expat workforce
* Freeport-McMoran updates status of PT Freeport Indonesia operations
JAKARTA, Feb 20 Freeport McMoRan Inc's chief executive said on Monday the company's Indonesian unit has made its first lay-offs since a dispute over its mining contract started with the Indonesian government and may let go of more workers this week.
JAKARTA, Feb 20 Freeport-McMoRan Inc's Indonesian unit has submitted a notification to Indonesia's mining ministry describing breaches and violations of its contract of work by the government, the company said on Monday.
JAKARTA, Feb 18 Chappy Hakim, the chief executive of Freeport-McMoran Inc's Indonesian unit, has resigned, the firm said in a statement on Saturday, after its parent company declared force majeure on copper concentrate shipments from its giant Grasberg mine in Papua.
TORONTO, Feb 17 Freeport-McMoRan Inc said on Friday it cannot meet contractual obligations for copper concentrate shipments from its Grasberg mine in Indonesia following a five-week export ban, the second big producer in a week to declare force majeure.
TORONTO, Feb 17 Freeport-McMoRan Inc, the world's biggest publicly traded copper miner, has declared force majeure at its Grasberg mine in Indonesia, which cannot meet contractual obligations on copper concentrate shipments, a spokesman told Reuters on Friday
TORONTO, Feb 17 Freeport-McMoRan Inc has declared force majeure on "nearby deliveries" of copper concentrate from its suspended Grasberg mine in Indonesia, Metal Bulletin reported on Friday, citing unnamed sources.
JAKARTA, Feb 17 Indonesia's mining ministry said on Friday it has issued a recommendation that is expected to allow the local unit of Freeport McMoRan Inc to resume copper concentrate exports within days.
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