MNCs losing grip on world's richest mines
Local governments and unions push back against Western dominance of the world's natural resources
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Toronto
OUTNUMBERED and outflanked, Freeport-McMoRan Inc CEO Richard Adkerson made an about-face.
Only months before, he had dismissed the idea of selling a majority stake in the Phoenix-based company's flagship Indonesian copper-and-gold mine to local investors. But, seated beside government officials in Jakarta last week, he said he planned to do just that.
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