Newmont bids $4.8 billion for Red Chris copper-gold mine
1 report, 1 independent
Updated Oct 23
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What happened
Newmont put forward a bid of up to $4.8 billion, or C$6.4 billion, for the Red Chris copper-gold mine. The project, located 1,030 km northwest of Vancouver, would be taken underground with commercial production targeted for 2033.
From northernminer.com
Why it matters
The acquisition bid represents a major move in the mining sector, potentially altering the supply chain for copper and gold. The project is situated in British Columbia, which regulates mining activities within its jurisdiction.
Newmont operates within Australia's energy market.
From northernminer.com
Who's involved
- NemSubmitted the $4.8 billion bid for the Red Chris copper-gold mine
- British ColumbiaProvince of Canada where the Red Chris mine is located and regulated
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The entities involved
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Nem
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