- China’s Citic Metal is among groups holding talks with Freeport McMoran (FCX -0.6%) to buy a minority stake in the miner’s North and South American operations, Bloomberg reports.
- The stake, which may comprise about 20% of FCX’s assets in the Americas, could fetch about $2B, according to the report.
- FCX’s core Americas assets include Cerro Verde in Peru, El Abra in Chile and the Morenci mine in Arizona.
Bloomberg: Freeport McMoRan draws Citic among bidders for Americas assets
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