Lundin Mining Receives Notice of Right of First Offer on Tenke Fungurume
Marketwired - Mon May 09, 6:31PM CDT
TORONTO, ONTARIO--(Marketwired - May 9, 2016) - Lundin Mining Corporation ("Lundin Mining" or the "Company"
LUN.TO: 4.45 (+0.07)
Freeport-McMoRan Announces Agreements to Sell its Interests in TF Holdings Limited for $2.65 Billion in Cash and Up to $120 Million in Contingent Consideration
BusinessWire - Mon May 09, 5:30AM CDT
Freeport-McMoRan Inc. (NYSE:FCX) announced today that it has entered into a definitive agreement to sell its interests in TF Holdings Limited (TF Holdings) to China Molybdenum Co., Ltd. (CMOC) for $2.65 billion in cash and contingent consideration of up to $120 million, consisting of $60 million if the average copper price exceeds $3.50 per pound and $60 million if the average cobalt price exceeds $20 per pound, both during the 24-month period between 2018 and 2019.
FCX: 11.58 (+0.34)