Minorco to Buy U.S. Mining Firm for...
From Times Staff and Wire Service Reports
Minorco to Buy U.S. Mining Firm for $705 Million: South Africa-backed Minorco said it had agreed to buy Freeport-McMoRan Gold for $705 million, sending stock in the New Orleans mining company sharply higher. Freeport-McMoRan Gold Co. is 61% owned by Freeport-McMoRan Inc., which has an interest in a string of mining and energy exploration businesses in the United States.
