Hillgrove gets cash injection from 'creative' initiative

JUNIOR copper producer Hillgrove Resources, which announced its mine-turned-pumped-hydro project was up for sale last year, has sold the rights to AGL Energy for A$31 million.

Hillgrove gets cash injection from 'creative' initiative Hillgrove gets cash injection from 'creative' initiative Hillgrove gets cash injection from 'creative' initiative Hillgrove gets cash injection from 'creative' initiative Hillgrove gets cash injection from 'creative' initiative

Hillgrove's Kanmantoo copper mine in the Adelaide Hills

AGL will develop, own and operate the pumped-hydro energy storage project at the Kanmantoo copper mine site in South Australia, with the money payable in stages over an 18-36 month period.