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LUMI - Lundin Mining News Story

SEK98.3 -3.7  -3.6%

Last Trade - 14/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £6.14bn
Enterprise Value £6.52bn
Revenue £1.66bn
Position in Universe 120th / 1832

BRIEF-Freeport-Mcmoran Announces Agreement To Sell Portion Of Cobalt Business

Thu 23rd May, 2019 10:07pm
May 23 (Reuters) - Freeport-McMoRan Inc  FCX.N :
    * FREEPORT-MCMORAN ANNOUNCES AGREEMENT TO SELL PORTION OF
COBALT
BUSINESS
    * FREEPORT-MCMORAN INC - DEAL FOR $150 MILLION, PLUS WORKING
CAPITAL AT TIME OF CLOSE.
    * FREEPORT-MCMORAN INC - FCX WILL SEPARATE ITS COBALT
BUSINESS
PRIOR TO COMPLETING TRANSACTION
    * FREEPORT-MCMORAN INC - FCX EXPECTS TO RECORD A GAIN ON
TRANSACTION.
    * FREEPORT-MCMORAN - UMICORE WILL ACQUIRE REFINERY AND
CATHODE
PRECURSOR BUSINESS, WHICH REPRESENTS ABOUT 60 PERCENT OF
REFINERY'S HISTORICAL REVENUES
    * FREEPORT-MCMORAN INC - Q1 2019 EARNINGS AND CASH FLOW
CONTRIBUTION FROM ASSETS BEING SOLD WAS INSIGNIFICANT TO FCX

Source text for Eikon:  ID:nBw431kcwa 
Further company coverage:  FCX.N 

 (((Reuters.Briefs@thomsonreuters.com);))
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