BHPB to sell Prominent Hill stake

BHP Billiton is to sell its 51% stake in the Prominent Hill copper-gold discovery in South Australia that set the Australian resources sector alight late in 2001 on comparisons with the nearby, world-class Olympic Dam deposit.

BHPB to sell Prominent Hill stake BHPB to sell Prominent Hill stake BHPB to sell Prominent Hill stake BHPB to sell Prominent Hill stake BHPB to sell Prominent Hill stake

Terms and conditions have yet to be agreed, with Minotaur Resources, which holds 19%, looking at the feasibility of increasing its stake.

loader