An transaction that got limited mention was the Lundin Mining (LUNMF) purchase of a copper development project from Freeport-McMoRan (FCX). The deal nets Freeport-McMoRan up to $263 million for an asset in Serbia that the company doesn't even discuss. The deal provides more cash for Freeport-McMoRan for a development project that hardly fits into the current plan of the copper miner. In fact, Freeport-McMoRan lists the Serbia asset as a minor part of the potential reserves of the company. Interesting that the primary potential is in North America and Africa and not South America or Indonesia. The deal appears another good opportunity to monetize valuable copper assets to cover the current cash crunch. Disclosure: No positions