BREAKING NEWS

BHP to lift stake in Ecuador copper project to 14.7%

BHP to lift stake in Ecuador copper project to 14.7%
FILE PHOTO: A BHP executive is silhouetted against a screen projecting the company's logo. REUTERS/Kim Kyung-Hoon -
Copyright
Kim Kyung Hoon(Reuters)
Text size Aa Aa

(Reuters) – BHP Group <BHP.AX> will pay 17.1 million pounds to raise its stake in SolGold Plc <SOLG.L>, the majority owner of a key Cascabel copper-gold project in Ecuador, to 14.7% from 11.1% currently, it said on Monday.

The world’s biggest miner will buy 77 million new shares in SolGold for 22.15 pence a share.

(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Jan Harvey)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.