for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Oil and Gas

'Not the time' for big strategic M&A, Freeport's Adkerson says

Feb 24 (Reuters) - Freeport McMoRan Inc is not interested in pulling the trigger on a big deal while it ramps up copper output at its Grasberg mine, president and chief executive Richard Adkerson said on Monday.

“Now’s just not the time for Freeport to think about doing a big strategic move,” Adkerson said at the BMO Global Metals and Mining Conference in Hollywood, Florida.

Gold miner Barrick Gold has expressed interest in acquiring the Grasberg copper-gold mine in Indonesia. (Reporting by Jeff Lewis Editing by Chizu Nomiyama)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up