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BHP to lift stake in Ecuador copper project to 14.7%

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By Reuters
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)

(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)