Temasek Invests US$32 Million In Freeport-McMoRan
17 Mai 2010 - 8:37AM
Dow Jones News
Singapore state investment company Temasek Holdings has bought a
small stake in New York-listed Freeport-McMoRan Copper & Gold
Inc. (FCX) for around US$32 million, according to a regulatory
filing seen by Dow Jones Newswires Monday.
The deal is the latest in a series of investments by Temasek in
the resources sector since April.
According to the filing made on May 11 with the U.S. Securities
and Exchange Commission, Temasek bought 382,000 Freeport
shares.
Temasek couldn't be immediately reached for comment.
Temasek, whose investments are mostly in banks, has lately
poured around $1 billion in mining and energy firms.
Earlier this month it paid $500 million in convertible shares of
Chesapeake Energy Corp. and before that it invested around $480
million in Inmet Mining Corp.
It is also looking for mining opportunities in Mongolia and
Africa.
-By Costas Paris, Dow Jones Newswires; 65 6415 4151;
costas.paris@dowjones.com
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