BHP Billiton Seeks Copper Growth With SolGold Stake

By Anonymous

SYDNEY—BHP Billiton Ltd. (BHP.AU) said it would acquire a 6.1% interest in copper explorer SolGold PLC (SOLG.LN) as the world’s largest mining company seeks to boost its exposure to a metal used in everything from smartphones and electric vehicles to air conditioners.

BHP said it signed an agreement with Guyana Goldfields Inc. to buy its roughly 103 million shares in SolGold, which runs the Cascabel copper and gold project in Ecuador, for about 27 million pounds (US$35 million).