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01
Jun
2016
Freeport completes $1bn sale of 13% interest in Arizona mineBy:COPPER US-based natural resources company Freeport McMoRan has completed the sale of a 13% interest in the Morenci joint venture (JV) to Sumitomo Metal Mining Company (SMM) for $1-billion in cash. Freeport now held a 72% interest in the Morenci JV, which operates the Morenci openpit copper mining complex in Arizona.
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