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Freeport's treasure on offer

It has all got a little too much for Freeport McMoRan. Its credit rating is close to junk, its oil operations are struggling to break even and one of the most aggressive activist shareholders in the business is now conducting its orchestra.

Freeport's treasure on offer Freeport's treasure on offer Freeport's treasure on offer Freeport's treasure on offer Freeport's treasure on offer

North America’s biggest copper mine, Morenci, could be one of Freeport’s planned divestments

Creaking under such pressure, it came as no real surprise that the ‘for sale’ sign appeared on its prized assets earlier this week on the back of a US$12.2 billion annual loss.