BHP has entered into a share subscription agreement with SolGold Plc (SolGold) under which SolGold will issue 100 million shares to BHP.
SolGold is the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador.
BHP President Minerals Americas, Danny Malchuk said "Ecuador is a highly prospective region for the next generation of copper supply. This additional investment in SolGold strengthens our strategic position in the Cascabel copper exploration project, and is consistent with BHP's strategy to replenish our copper resource base and grow the business."
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