Australia's Newcrest to buy Canadian copper and gold mine for $807 mln

Imperial Metals

10/03/2019 20:43

March 11 (Reuters) - Australian gold miner Newcrest Mining
Ltd  NCM.AX  said on Monday it had agreed to acquire a copper
and gold mine in British Columbia, Canada, from Toronto-listed
Imperial Metals Corp  III.TO  for 806.5 million U.S. dollars.
    Newcrest will acquire a 70 percent joint-venture interest
in, and operatorship of, the Red Chris mine and surrounding
tenements, the company said in a statement. The property
comprises 23,142 hectares of land with 77 mineral tenures. 

 (Reporting by Ambar Warrick in Bengaluru; Editing by Kevin
Liffey)
 ((Ambar.Warrick@thomsonreuters.com; +91-80-6749-6625; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net))