Copper giant Freeport-McMoRan Inc is expected to emerge with a substantial strategic stake in ASX-listed Jervois Mining as part of an ambitious equity raising and repositioning by the company.
It is understood Freeport McMoRan, which is listed in the United States with a $US53.7 billion ($72.9 billion) market cap, has agreed to buy shares in Jervois Mining, as part of the deal managed by UBS and Jefferies.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the co-editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
