Freeport-McMoRan said to sell its stake in El Abra mine
Freeport-McMoRan vendería su participación en mina El Abra
Intel ID : 236357
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Freeport-McMoRan Copper & Gold (NYSE:FCX), a Phoenix, Arizona-based copper and gold mining company, is said to be planning the sale of all or part of its 51% stake in mining project El Abra, located in Antofagasta, Chile, reported La Tercera on 6 May, 2016. According to the report, should it sell its entire stake, the mining company would exit the Chilean market. The sale would be part of an asset divestment plan carried out by Freeport to reduce a debt that reached USD 20.8bn at the end of 1Q16. A potential buyer could be Chile-based state-owned mining company Codelco (BCS:CODELCO), which holds the remaining 49% of the project, the report stated. Codelco would be interested in the acquisition if the price is reasonable and there are no better alternatives, noted executive president, Nelson Pizarro.
(content in spanish)
Freeport-McMoRan Copper & Gold (NYSE:FCX), minera de cobre y oro con sede en Phoenix, Arizona, podría vender toda o parte de su participación del 51% en el proyecto minero El Abra, localizado en Antofagasta, Chile, ha publicado La Tercera el 6 de mayo de 2016. Según lo publicado, de vender su participación completa, la minera saldría del mercado chileno. La venta sería parte de un plan de enajenación de activos que lleva a cabo Freeport para reducir una deuda que ascendía a los USD 20.800m a fines del primer trimestre de 2016. Un potencial comprador podría ser la minera estatal chilena Codelco (BCS:CODELCO), dueña del 49% del proyecto, de acuerdo con la información. Codelco estaría interesada en la adquisición si el precio es razonable y no existen mejores alternativas, ha señalado el presidente ejecutivo de la estatal, Nelson Pizarro. |
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55.05.02 Copper & Cobalt Mining & Refining 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources |
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55.05.02 Copper & Cobalt Mining & Refining 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources |
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55.05.02 Copper & Cobalt Mining & Refining 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources |
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55.05.03 Gold Mining & Refining 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.