"Freeport-McMoRan Copper & Gold Inc. Announces Sale of International Wire & Cable Business for $735 Million"
It will be nice addition to 2.0 billion of cash according to recent filing.
"FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX has a dynamic portfolio of operating, expansion and growth projects in the copper industry and is the world’s largest producer of molybdenum. The Grasberg mining complex, the world’s largest copper and gold mine in terms of reserves, is the company’s key asset. FCX also operates significant mining operations in North and South America and is developing the potential world-class Tenke Fungurume project in the Democratic Republic of Congo"
Will Lundin Mining LMC LUN.to fit the bill with its 25% in Tenke Fungurume? FCX knows Lundin group already and has another J/V with Fortress Mining FST.v
It will be nice addition to 2.0 billion of cash according to recent filing.
"FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX has a dynamic portfolio of operating, expansion and growth projects in the copper industry and is the world’s largest producer of molybdenum. The Grasberg mining complex, the world’s largest copper and gold mine in terms of reserves, is the company’s key asset. FCX also operates significant mining operations in North and South America and is developing the potential world-class Tenke Fungurume project in the Democratic Republic of Congo"
Will Lundin Mining LMC LUN.to fit the bill with its 25% in Tenke Fungurume? FCX knows Lundin group already and has another J/V with Fortress Mining FST.v
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