Freeport-McMoRan is stepping up its efforts to focus on copper andcut debts, and may have to sell some of its mining assets to do so.The company said it is addressing its balance sheet issues“seriously, and with a degree of urgency”, noting that the marketenvironment has changed quickly and aggressively in a negativeway.Not only that, but it believes it can generate “significant asset saleproceeds while retaining an attractive portfolio of high-qualityassets”.
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