Mining giants losing their grip on global market as local governments push back
DANIELLE BOCHOVE , Bloomberg News Outnumbered and outflanked, Freeport-McMoRan Inc. chief executive officer Richard Adkerson made an about-face. Only months before, Mr. Adkerson 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, the veteran executive told…
