(Reuters) – Global miner BHP <BHP.AX> said on Wednesday it would buy a 6.1 percent stake in SolGold PLC <SOLG.L>, the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador.
BHP will buy 103.1 million SolGold shares from Guyana Goldfields Inc <GUY.TO>, the miner said in a statement to the Australian Stock Exchange.
It will spend about 27.4 million pounds ($35.2 million) for its stake in SolGold.
($1 = 0.7779 pounds)
(Reporting by Aaron Saldanha in Bengaluru; editing by Richard Pullin)