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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.

Michael Quinn
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. However, Minotaur managing director Derek Carter told MiningNews.net...

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