M&A

Big Brazil buy by Avanco

AVANCO Resources anticipates ground being picked up from Vale could contain up to 400,000 tonnes of copper and cost it US$35 million to be paid at rate of $3 million per annum.

Michael Quinn
Big Brazil buy by Avanco

The ground, called Pantera and located about 110km from Avanco’s Pedra Branca pre-development asset, can be acquired for $35 million – equivalent to 400,000t at 4c per pound – or at a cost of 4c/lb within...

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