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Freeport threatens legal action over Indonesia mine

US miner gives 120-day warning, says local hires set to be laid off

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Freeport-McMoRan CEO Richard Adkerson speaks at a news conference in Jakarta on Feb. 20.   © Reuters

JAKARTA -- U.S. miner Freeport-McMoRan on Monday said it may seek arbitration against the Indonesian government if a dispute over its contract for a giant copper mine in Papua Province is not resolved within 120 days.

The company said Freeport Indonesia, the local subsidiary that operates the Grasberg mine, will start laying off local employees this week.

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