Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Consulting

Home / Metal News / Encounter plans to sell 75% stake in Elliot Copper Mine to BHP Billiton

Encounter plans to sell 75% stake in Elliot Copper Mine to BHP Billiton

Sep 24, 2020 15:21

Source:Mandarin Finance and Economics

[Encounter plans to sell 75 per cent of Elliot to BHP] Encounter Resources said on Thursday that it had signed an option agreement with BHP (BHP Group) that would give BHP up to a 75 per cent stake in its Elliot Copper project upon completion of a joint verification scheme.

SMM: Encounter Resources said on Thursday that it had signed an option agreement with BHP (BHP Group) that would give BHP up to a 75 per cent stake in its Elliot Copper project after completing a joint verification scheme.

The gold and copper miner said it would complete preliminary confirmation with BHP Billiton by the end of December of the Elliot project, which covers an area of 4500 square kilometers (1737 square miles) in northern Australia.

Encounter said that if BHP decided to take a stake in the Elliot project, it would need to invest up to A $22 million (US $16 million) in exploration over 10 years.

Next year, BHP may choose to participate in further verification projects before deciding whether to exercise the option, it added.

Copper

mining

production capacity

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Baosteel to Expand Steel Production Capacity by 3.22 Million mt/year

Baosteel Desheng High-quality Stainless Steel Green Industry Base Project - Steel Capacity Replacement Project is located in Jin’gang Industrial Zone, Luoyuanwan Development Zone, Luoyuan County, Fuzhou City.

time

Feb 9, 2022 15:25

Baosteel to Expand Steel Production Capacity by 3.22 Million mt/year

Rare Earth Ore Mining Quota Review in 2021

China’s rare earth mining and smelting/separation quotas stood at 168,000 mt and 162,000 mt respectively in 2021, according to the Ministry of Natural Resources (MNR) and the Ministry of Industry and Information Technology (MIIT).

time

Jan 6, 2022 17:07

Rare Earth Ore Mining Quota Review in 2021

NBS: Profits of Mining and Raw Material Manufacturing Industry Maintain High Growth Rate

The profits of the mining and raw material manufacturing industry increased by 1.84-fold and 39.6% year-on-year, respectively, in August, which were well above the average level of industries above designated size, said Zhu Hong, a senior statistician at the Department of Industry of the National Bureau of Statistics (NBS).

time

Sep 28, 2021 10:49

NBS: Profits of Mining and Raw Material Manufacturing Industry Maintain High Growth Rate

Exclusive: LFP Sharply Expanded Production Capacity in H2, and to Usher in Overcapacity in 2022

The proportion of LFP batteries installed in NEVs has increased from 38% in January to 51% in July. The installed capacity of LFP battery is expected to continue to grow in H2.

time

Aug 27, 2021 11:56

Exclusive: LFP Sharply Expanded Production Capacity in H2, and to Usher in Overcapacity in 2022

SMM Morning Comments (Jul 23): Shanghai base metals were mostly higher on dovish ECB comments

Shanghai base metals mostly cruised higher on Friday morning amid dovish comments from European Central Bank. Meanwhile, their counterparts on the LME traded mixed.

time

Jul 23, 2021 10:00

SMM Morning Comments (Jul 23): Shanghai base metals were mostly higher on dovish ECB comments

SMM Evening Comments (Jul 19): Shanghai nonferrous metals ended mixed as investors monitored virus and digested OPEC deal

SHFE nonferrous metals closed mixed on Monday July 19 as markets digested the latest OPEC + announcement regarding oil production, and continued to brood on inflation and rising Covid-19 cases.

time

Jul 19, 2021 18:00

SMM Evening Comments (Jul 19): Shanghai nonferrous metals ended mixed as investors monitored virus and digested OPEC deal

NDRC: To further release copper, aluminium, and zinc reserves, strictly penalise price bidding

NDRC will continue to follow the deployment of the executive meeting of the State Council, work with relevant departments to strengthen the monitoring and forecast of commodity prices, organise subsequent release of copper, aluminium, zinc and other national reserves, and pay close attention to abnormal market price fluctuations.

time

Jul 19, 2021 16:36

NDRC: To further release copper, aluminium, and zinc reserves, strictly penalise price bidding

Shanghai bonded copper stocks fell 4,300 mt on week

SMM data showed that the stocks fell 4,300 mt from the prior week to 435,500 mt as of Friday July 16.

time

Jul 16, 2021 13:24

Shanghai bonded copper stocks fell 4,300 mt on week

SMM Morning Comments (Jul 16): Shanghai base metals rose across the board as jobless claims data helped

Shanghai base metals all cruised higher on Friday morning after the head of the Federal Reserve told Congress he saw no need to rush the shift towards tighter post-pandemic monetary policy. Meanwhile, their counterparts on the LME mostly cruised lower.

time

Jul 16, 2021 10:00

SMM Morning Comments (Jul 16): Shanghai base metals rose across the board as jobless claims data helped

SMM Morning Comments (Jul 15): Shanghai base metals were mixed as traders digested inflation data, Fed comments

Shanghai base metals traded mixed on Thursday morning as traders reacted to hotter-than-expected US and UK inflation figures and comments from Fed Chairman Jerome Powell. Meanwhile, their counterparts on the LME fell for the most part.

time

Jul 15, 2021 10:00

SMM Morning Comments (Jul 15): Shanghai base metals were mixed as traders digested inflation data, Fed comments

SMM Events & Webinars

Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia
Jun
18
- 2024 ASEAN Automotive Supply Chain
  Jun 18 - 19,2024
  Pattaya,Thailand

MOST POPULAR

1.NEV Magnet Wire Industry Opportunity Discovery

2.Copper Substitution Market Study-Consumer Durables

3.Copper Substitution Market Study-Construction

4.Copper Substitution Market Study-Power Distribution

5.Copper Substitution Market Study-Power Transmission

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.