February 26, 2018 / 2:48 PM / a year ago

Miner Freeport says no plans to sell Congo cobalt asset as buyers circle

HOLLYWOOD, Florida, Feb 26 (Reuters) - Several parties are interested in buying Freeport-McMoRan Inc’s cobalt project in the Democratic Republic of Congo but the purchase price would not be very impactful for the miner, Freeport’s chief executive said.

As a result, it is looking at other options for the asset, including possibly a joint venture to develop the large cobalt project, CEO Richard Adkerson said, speaking at the BMO Capital Markets Global Metals & Mining Conference in Hollywood, Florida. (Reporting by Nicole Mordant in Vancouver; Editing by Jonathan Oatis)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below