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Strategies & Market Trends : Value Investing

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To: John Koligman who wrote (54610)	5/30/2019 11:33:58 AM
From: E_K_S	Read Replies (3) of 78748

Re: FCX small add at $9.84/share Freeport McMoRan to sell part of cobalt business for $150M May 23, 2019 5:02 PM ET Freeport McMoRan (NYSE: FCX) agrees to sell its Finland cobalt refinery and related cobalt cathode precursor business to Belgian firm Umicore ( OTCPK:UMICF) for $150M. FCX and its partners will retain Freeport Cobalt's remaining cobalt business, which has operations in Finland and sales offices in the U.S., Europe and Asia. ------------------------------------------- Company consolidating assets exposure/operating costs and selling marginal plays and will be expanding core properties/operations. Value is in the minerals they hold in the ground. EKS

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