A platform for research: civil engineering, architecture and urbanism
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Evolution acquires 30% of Ernest Henry, sells Pajingo
Glencore and Evolution Mining have struck a deal for all of the gold and some of the copper produced at the Ernest Henry mine in northwest Queensland, Australia. For $A880 million and monthly installments equal to 30% of the mine's production costs, Evolution purchased a 30% stake in the mine, which would entitle it to 100% of Ernest Henry's payable gold production and 30% of its copper and silver production, subject to an agreed life of mine and block model. Evolution Mining produced more than 803,000 oz from seven Australian gold mines at an all-in sustaining cost of A$1,014 per ounce.
Evolution acquires 30% of Ernest Henry, sells Pajingo
Glencore and Evolution Mining have struck a deal for all of the gold and some of the copper produced at the Ernest Henry mine in northwest Queensland, Australia. For $A880 million and monthly installments equal to 30% of the mine's production costs, Evolution purchased a 30% stake in the mine, which would entitle it to 100% of Ernest Henry's payable gold production and 30% of its copper and silver production, subject to an agreed life of mine and block model. Evolution Mining produced more than 803,000 oz from seven Australian gold mines at an all-in sustaining cost of A$1,014 per ounce.
Evolution acquires 30% of Ernest Henry, sells Pajingo
2016
Article (Journal)
English
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