Colombia’s OP Gold Capital outbid U.S. copper giant Freeport-McMoRan (NYSE: FCX) for exploration rights in the country’s north, raising its offer to retain a 60-sq. -km block in Cesar. As the original bidder, OP Gold had the right to improve its proposal. The block was among eight copper, gold and polymetallic contracts signed Oct. 9 with five companies.
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