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Freeport-McMoRan has terminated an earn-in agreement on Mundoro Capital’s (TSXV: MUN) exploration projects in Serbia.
Mundoro Capital’s asset in Serbia’s Timok region
Mundoro said Freeport had sole-funded US$3.2 million on the two projects but had informed Mundoro it was "restructuring its exploration programme" and sent notice of termination on April 28.
Big miner is increasingly active on the exploration front
Zijin starts new mine in Serbia
Freeport adds to Serbian interests
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