Freeport-McMoran Makes $1 Billion Deal With Sumitomo Metals

Name: AGD Australia
Address: 11 Centre Pl, Melbourne, VIC, 3000, AU
Telephone: (03) 9650 8365
Price range: $$$

Freeport-McMoran (NYSE: FCX) announced Monday its plans to sell part of its interest in the Morenci open-pit mine in Arizona for $1 billion to Sumitomo Metals Mining Co.