Freeport-McMoRan's (FCX) $2B Candelaria Mine Sale Hits Tax Snag

Freeport-McMoRan Copper & Gold's (NYSE: FCX) move to unload its large mine in Chile has hit a snag.

The WSJ said Friday that local authorities are holding up the sale on a tax issue.

Freeport is looking to sell its Candelaria copper mine in a $2 billion deal with Lundin Mining.

Spokespeople from both companies declined to comment on the news.

Shares of Freeport are up 0.5 percent.

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