BHP increases stake in rising copper junior SolGold for $45mln

The world's largest mining company, BHP, has increased its stake in Ecuador-focused copper junior miner SolGold to 11.2% from 6%, it said in a notice late on Monday October 15.

BHP entered into a share subscription agreement whereby SolGold will issue 100 million shares to the company at 45 pence sterling ($0.59) per share, a 32% premium on the past 20-day average. The increase will give BHP the option to nominate...


Archie Hunter

October 16, 2018

14:01 GMT