Lundin Mining Corp T.LUN

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Temasek Invests US$32 Million In Freeport-McMoRan
SINGAPORE -(Dow Jones)- Singapore state investment company Temasek Holdingshas bought a small stake in New York-listed Freeport-McMoRan Copper & Gold Inc.(FCX) for around US$32 million, according to a regulatory filing seen by DowJones Newswires Monday.

The deal is the latest in a series of investments by Temasek in the resourcessector since April.

According to the filing made on May 11 with the U.S. Securities and ExchangeCommission, Temasek bought 382,000 Freeport shares.

Temasek couldn't be immediately reached for comment.

Temasek, whose investments are mostly in banks, has lately poured around $1billion in mining and energy firms.

Earlier this month it paid $500 million in convertible shares of ChesapeakeEnergy Corp. and before that it invested around $480 million in Inmet MiningCorp.

It is also looking for mining opportunities in Mongolia and Africa.

Read more: https://www.nasdaq.com/aspx/company-news-story.aspx?storyid=201005170221dowjonesdjonline000030&title=temasek-invests-us32-million-in-freeport-mcmoran#ixzz0rYsveUYV

The privately-held Singapore-based Temasek Holdings Ltd digs deeper into mining. It has acquired shares worth
US$32m in Freeport McMoran (FCX:NYSE US$62.81; Hi-Lo US$90.55-43.19). Freeport runs the giant copper-cobalt
project at Tenke Fungurume along with Lundin Mining and Congo-K’s state-owned Gecamines.