Monday, February 15, 2016

Freeport Pares U.S. Copper-Mine Stake in $1 Billion Deal

Freeport-McMoRan, seeking to reduce debt, said it struck a deal to sell part of its stake in the Morenci copper mine, on the Arizona-New Mexico border, to Sumitomo Metal Mining, one of the mine’s other owners, for $1 billion.

from WSJ.com: US Business http://ift.tt/1Tmf5Jr
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