Aug 24, 2016

Evolution buys into Ernest Henry mine

Evolution Mining has acquired a stake in Glencore’s Ernest Henry Mining operations, north-east of Cloncurry, for $880 million. The gold miner has also established a strategic alliance with Glencore in respect of potential future regional acquisitions and the parties have made a commitment to cooperate on exploration activities in the region surrounding Ernest Henry. “Evolution has today gained exposure to a world-class mining asset in Ernest Henry,” executive chairman Jake Klein said. “Since inception we have consistently communicated a...

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