By Reuters Staff
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FILE PHOTO: CEO of Randgold Mark Bristow poses for a photograph at the London Stock Exchange, London, Britain November 6, 2018. REUTERS/Henry Nicholls
TORONTO (Reuters) - Barrick Gold Chief Executive Mark Bristow said on Monday a combination with copper miner Freeport McMoRan “had a lot of logic to it” even though a deal between the companies did not pan out.
Freeport CEO Richard Adkerson told Reuters last week that he has no desire to combine Freeport with Barrick or another gold producer, saying such a deal didn’t make sense.
“That’s Richard’s position and I respect that,” Bristow said during a webcast at the BMO Capital Markets Metals and Mines conference. “It didn’t work out, but it certainly had a lot of logic to it.”
Freeport eyes U S expansions as Biden s EV plan boosts copper demand netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
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Freeport eyes US expansions as Biden s EV plan boosts copper demand
Freeport-McMoran CEO, Richard Adkerson poses for a picture during an interview with Reuters at the CRU s World Copper Conference in Santiago, Chile on Apr 9, 2019. (Photo: Reuters/Rodrigo Garrido)
26 Feb 2021 09:30AM (Updated:
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PHOENIX: Freeport-McMoRan is set to approve expansions at several of its US copper mines to capitalise on surging demand for the red metal as President Joe Biden moves to electrify the nation s automobiles and combat climate change, Chief Executive Richard Adkerson told Reuters.
Freeport eyes U S expansions as Biden s EV plan boosts copper demand reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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(Reuters) - Freeport-McMoRan Inc is set to approve expansions at several of its U.S. copper mines to capitalize on surging demand for the red metal as President Joe Biden moves to electrify the nation’s automobiles and combat climate change, Chief Executive Richard Adkerson told Reuters.
FILE PHOTO: Freeport-McMoran CEO, Richard Adkerson poses for a picture during an interview with Reuters at the CRU s World Copper Conference in Santiago, Chile April 9, 2019. REUTERS/Rodrigo Garrido
The expansions would be a major bet on the U.S. economy - one of the company’s largest markets - and also on the rising demand for electric vehicles (EVs), which use twice as much copper as internal combustion engines.