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

By Kitco News / February 26, 2018 / www.kitco.com / Article Link

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)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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