BHP doubles stake in Ecuador copper miner SolGold

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Sharecast News | 16 Oct, 2018

17:22 13/11/24

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BHP on Tuesday said it had spent £45.6m to lift its stake in SolGold, which owns the Cascabel copper-gold project in Ecuador.

The mining giant took an initial 6% stake in SolGold six weeks ago and now has 11.2%.

Under the deal, BHP will buy 100m new shares in the company at 45p a 32% premium to the stock's 20 day average weighted closing price.

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