https://www.miningweekly.com
Copper|Mining|Resources
Copper|Mining|Resources
copper|mining|resources

JX Nippon Mining to sell stake in Indonesian copper smelter to Freeport

26th April 2021

By: Reuters

  

Font size: - +

JX Nippon Mining & Metals, a unit of Japan's Eneos Holdings, said on Monday it would sell its 5% stake in Indonesian copper smelter PT Smelting to Freeport-McMoRan Inc for an undisclosed sum after a review of its portfolio.

The deal will be completed on April 30, a JX Nippon Mining spokesman said.

The Japanese company, which has held the stake since 1996, has decided to exit the company as it aims to concentrate management resources in areas that are more important to JX, it said in a statement.

After the deal, Freeport will own 30% stake in PT Smelting, which is 60.5% owned by Mitsubishi Materials Corp and 9.5% by Mitsubishi Corp.

Edited by Reuters

Comments

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.2 0.238s - 113pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: