NEwcrest Tag

BHP has paid around US$60 million to increase its stake in Ecuador-focused gold miner SolGold to 11.2%, rivalling the 14.5% stake held by Australia’s largest listed gold firm Newcrest Mining. The latest investment nearly doubles BHP’s ownership in SolGold, after the world’s biggest miner first bought...

Evolution Mining (ASX:EVN) is acquiring Newcrest Mining’s (ASX:NCM) Marsden copper-gold project in a AUS$10 million deal, it announced on Monday. Evolution will pay an initial $3 million and will conclude the additional $7 million if it decides to proceed with mining at the site which it...

The world’s largest mining company BHP Billiton (ASX:BHP) has had its offer to buy a stake in SolGold rejected by the Australian company. BHP announced an investment programme in SolGold that would see it pay US$30 million for a 10% stake in the company and provide...