Evolution buys Glencore mine stake

IN ITS most ambitious and innovative deal yet, Evolution Mining has acquired a 30% stake in Glencore’s Ernest Henry operation in Queensland for $A880 million cash.

Evolution buys Glencore mine stake Evolution buys Glencore mine stake Evolution buys Glencore mine stake Evolution buys Glencore mine stake Evolution buys Glencore mine stake

As well as a 30% stake in the Cloncurry operation, Evolution will acquire 100% of future gold production and 30% of future copper and silver production under an agreed 11-year life-of-mine model.