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Newcrest open to BHP partnership at Cascabel

Newcrest Mining is not “upset” by BHP’s recent arrival as a major shareholder of Ecuador explorer SolGold.

Newcrest open to BHP partnership at Cascabel Newcrest open to BHP partnership at Cascabel Newcrest open to BHP partnership at Cascabel Newcrest open to BHP partnership at Cascabel Newcrest open to BHP partnership at Cascabel

Newcrest CEO Sandeep Biswas

BHP acquired a 6% stake in SolGold last month for US$59.2 million and increased it last week to 11.2% for a further $59.2 million.

Newcrest is the company's largest shareholder with a 14.5% stake.

Newcrest managing director Sandeep Biswas said BHP's move was no surprise, given it tried to enter a joint venture at SolGold's Cascabel project in 2016.

"If Cascabel develops to the extent we'd all like it to - we'll ...