BHP buys Solgold stake as battle with Newcrest heats up

Original article by Peter Ker
The Australian Financial Review – Page: Online : 6-Sep-18

BHP Billiton has purchased a 6.1 per cent stake in Solgold, which operates a copper-gold project in Ecuador. It had previously sought to acquire a 10 per cent in Solgold in late 2016, but lost out to Newcrest Mining. Newcrest Mining is currently Solgold’s largest shareholder, owning around 14.5 per cent of the Brisbane-based company. BHP and Newcrest both have interests in Ecuador apart from their Solgold investment, while Fortescue Metals Group and Hancock Prospecting also have exploration tenements in Ecuador.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, SOLGOLD PLC, NEWCREST MINING LIMITED – ASX NCM, FORTESCUE METALS GROUP LIMITED – ASX FMG, HANCOCK PROSPECTING PTY LTD, GUYANA GOLDFIELDS INCORPORATED

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