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[Ferro-Alloys.com]Freeport McMoRan (NYSE:FCX) agrees to sell its interests in TF Holdings to China Molybdenum for $2.65B in cash and contingent consideration of up to $120M.TF Holdings is a holding company that indirectly owns an 80% stake in Tenke Fungurume Mining; FCX has a 70% interest in TF Holdings and an effective 56% interest in Tenke.FCX also says it will negotiate exclusively with CMOC to sell its interests in Freeport Cobalt, including the Kokkola Cobalt Refinery in Finland, for $100M, and the Kisanfu Exploration project in the Democratic Republic of Congo for $50M.FCX says it has now announced more than $4B in asset sale since the start of 2016.

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