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Giant miner BHP to spend $25mn in exploration

BHP earns right to take 75% stake in Cobre's Botswana projects

Mining conglomerate BHP has taken a right to acquire a 75% stake in Australia's Cobre's Kitlanya projects in Botswana in exchange for $25 million in funding for exploration activities, the copper explorer said on Monday.

Intellinews on MSN · 4d

Giant miner BHP to spend $25mn in exploration at Cobre's Kitlanya copper-silver projects in Botswana

By bne IntelliNews ASX-listed Cobre Limited (Cobre) has executed an earn-in agreement with BHP, under which the latter Australian multinational mining and metals company will provide $25mn for exploration at the former's copper-silver projects in Botswana.

GlobalData on MSN · 4d

BHP to invest $25m in Cobre’s Kitlanya projects in Botswana

This investment focuses on Cobre's Kitlanya East and Kitlanya West copper projects on the Kalahari Copper Belt’s basin margins. The agreement follows Cobre’s participation in

HotCopper.com on MSN · 4d

Cobre up after striking $40M earn-in deal with BHP for Botswana funding

Cobre Ltd (ASX:CBE) has added as much as 5% today after putting pen to paper on a $40 million earn-in agreement with mining and metals juggernaut BHP Group (ASX:BHP) for funding at its Kitlanya East and West copper projects.

Reuters25d

BHP sees steel and copper demand recovering after profit slumps to six-year low

BHP's copper operations earned $5 billion over the first half, growing by 44% as tight fundamentals, Chinese stimulus plans and interest rate cuts in the United States kept copper prices elevated.

Yahoo Finance25d

BHP sees recovery in steel and copper demand, logs lowest profit in six years

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Giant miner BHP to spend $25mn in exploration

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