TORONTO (miningweekly.com) Managing and reducing debt levels can be a balancing act, but it is high on the priority lists of major diversified miners Freeport McMoRan and Vale, the companies confirmed in Tuesday.
Addressing the Bank of America Merrill Lynch 2016 global metals, mining and steel conference, Freeport president and CEO Richard Adkerson advised that the company would aim at getting its debt level down to around $10-billion in the next two to three years, if the market opens the door for us.
We clearly could do this with assets sales. It all boils down to reduce debt; reduce debt; reduce debt. We want to retain value and raise some capital. Were having a series of discussions about further asset trans…
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