BHP earns right to take 75% stake in Botswana projects in exchange for $25 million Cobre funding

Reuters
16 hours ago
BHP earns right to take 75% stake in Botswana projects in exchange for $25 million Cobre funding

March 10 (Reuters) - Mining conglomerate BHP BHP.AX has taken a right to acquire a 75% stake in Australia's Cobre's CBE.AX Kitlanya projects in Botswana in exchange for a $25 million funding for exploration activities, the copper explorer said on Monday.

(Reporting by Nikita Maria Jino in Bengaluru; editing by Diane Craft)

((Nikita.Jino@thomsonreuters.com;))

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