Evolution Mining obtains 80% stake in Northparkes

Evolution Mining said it has entered into a binding agreement to acquire an 80% interest in the Northparkes copper-gold mine in New South Wales, Australia, from CMOC Group. Sumitomo Metal Mining and Sumitomo Corp. will retain their 20% stake in the joint venture. “The acquisition of Northparkes represents a unique opportunity to add another quality asset to our portfolio, strengthening…

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Escondida strike averted 

Workers at BHP’s Escondida mine in northern Chile have accepted a new offer from the global miner and will not move forward with a planned strike over safety concerns, reported Reuters. The Sindicato No. 1 union said that 1,495 members out of the 1,902 who voted accepted the new proposal from BHP. “This proposal contains a series of concrete and…

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