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Freeport-McMoRan Completes Sale of Its Interests in Candelaria/Ojos for $1.8 Billion in Cash

PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed its previously announced sale of its 80 percent ownership interest in the Candelaria/Ojos del Salado copper mining operations and supporting infrastructure to Lundin Mining Corporation (TSX:LUN) (Nasdaq OMX:LUMI) for cash consideration of $1.8 billion, before closing adjustments. The transaction has an effective date of June 30, 2014.