|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.92 - 14.34|
|52 Week Range||9.24 - 17.06|
|PE Ratio (TTM)||75.67|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Limited access to the giant Grasberg copper mine in eastern Indonesia is expected to resume on Monday, its operator said, after hundreds of former workers blockaded the site and clashed with police. Trouble erupted at the mine, which is operated by the Indonesian unit of Freeport McMoRan Inc, during a demonstration over employment terms on Saturday afternoon. Three former workers were injured after police fired tear gas and warning shots to disperse the blockade, according to a union official representing the ex-workers.
Hundreds of former workers of Freeport Indonesia clashed with security forces near the company's mines in the eastern province of Papua on Saturday and three workers were injured, company and union officials said. The Indonesian unit of U.S. mining giant Freeport McMoran Inc. has been embroiled in a labour dispute since May, when around 5,000 workers went on strike to protest against mass layoffs. Following export restrictions related to a permit dispute, Freeport furloughed some 3,000 workers in Indonesia earlier this year, which prompted a strike and high levels of absenteeism.
Hundreds of workers laid off by Freeport Indonesia blocked routes and set trucks on fire near the company’s mines in the eastern province of Papua on Saturday, company officials said. The Indonesian unit of U.S. mining giant Freeport McMoran Inc. has been embroiled in a labour dispute since May, when around 5,000 workers went on strike to protest against mass layoffs. Freeport says the layoffs were triggered by unexpected revisions earlier this year in government rules on taxes and royalties.