Acquisition of Freeport Cobalt did not match corporate strategy – CMOC

The acquisition of Freeport Cobalt did not match the current corporate strategies of China Molybdenum Co (CMOC), the Chinese firm said on June 15.

The cobalt assets involved in the previous acquisition talks included a refinery and exploration project which “would not have contributed a net profit to the company in the...

Published

Susan Zou

June 19, 2017

03:15 GMT

Shanghai