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SolGold knocks back BHP approach

BHP Billiton (ASX: BHP) has entered the bidding war for in-demand Ecuador-focused copper-gold play SolGold (AIM: SOLG) in a move that shows the majors are back looking at exploration plays to fill their long-term pipelines.

Daniel Gleeson
BHP has a bit of work to do to win over SolGold’s board

BHP has a bit of work to do to win over SolGold’s board

The diversified major has offered US$30 million for a 10% stake in SolGold and its Cascabel copper-gold project as part of an earn-in deal that could see BHP acquire 70% of the junior’s stake in the project...

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