Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
JAKARTA, June 21 (Reuters) – Thousands of mine workers at the Indonesian unit of Freeport-McMoRan Inc will extend their strike for another month to protest against layoffs, a union official said on Wednesday.
Up to 6,000 workers will remain on strike, Freeport Indonesia union industrial relations officer Tri Puspital told Reuters, putting Freeport’s plan to ramp up output at risk.
