Exclusive: Freeport Indonesia union to sign deal to end strike

13/12/2011 - 4:58

JAKARTA (Reuters) - Freeport McMoRan Copper & Gold Inc and its Indonesian workers union expect to sign a pay deal on Tuesday to end a three-month strike that has crippled production at the world's second biggest copper mine, two sources told Reuters.

The two sides have agreed to a pay rise of 40 percent over two years to end Indonesia's longest-running industrial dispute, and will sign the agreement in Jakarta, said the sources, who declined to be identified because the deal was not public.

Freeport did not immediately respond to Reuters queries seeking comment. It was not clear when the U.S. miner would be able to resume production or end a force majeure on exports.

(Reporting by Olivia Rondonuwu; Editing by Neil Chatterjee)