IG Copper, Freeport probe Russia's Far East

摘要

IG Copper (IGC), a privately held U.S. company, is making headway at its 51% held Malmyzh copper-gold porphyry project in Far East Russia, near the border of China, with Freeport-McMoRan (NYSE: FCX) holding the other 49%. In mid-2016, IGC completed the Russian government's review for "strategically significant" deposits and received a Strategic Industries Law (SIL) approval. The SIL approval is required for any large copper, gold, platinum group metals or uranium deposit to be held by a non-Russian firm.