February 26, 2018 / 2:47 PM / 9 months ago

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

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)

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