Saturday, June 7, 2025
  • Business
  • Investing
  • World-news
  • Stock
No Result
View All Result
Finance Mastery News
Advertisement
  • Business
  • Investing
  • World-news
  • Stock
No Result
View All Result
Finance Mastery News
No Result
View All Result
Home Investing

Cobre Secures $25M BHP Investment for Botswana Copper Exploration

admin by admin
March 13, 2025
in Investing
0
Cobre Secures $25M BHP Investment for Botswana Copper Exploration
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Australian mining company Cobre (ASX:CBE) has secured a major investment from BHP, which has agreed to spend $25 million on exploration at Cobre’s Kitlanya projects in Botswana, in exchange for the right to acquire a 75 percent stake, according to a news report from Reuters.

This agreement follows Cobre’s participation in BHP’s Xplor program in January of the previous year, where Cobre received $500,000 to advance its Kalahari copper projects in Botswana.

Under the terms of the agreement, BHP will provide at least $5 million in funding to Cobre within two years from the commencement date, with an initial exploration budget of $7 million set to begin next month. Cobre’s CEO, Adam Woolridge, expressed optimism about the partnership, stating that the collaboration with BHP will enable a technology-driven exploration program aimed at discovering significant deposits in the Kitlanya East and West projects, the Reuters report said.

This strategic move underscores BHP’s commitment to expanding its presence in the African copper sector and leveraging advanced exploration techniques to identify potential high-grade copper deposits in Botswana’s Kalahari region.

Read the full report here.

Click here to connect with Cobre for an Investor Presentation

This post appeared first on investingnews.com

Previous Post

The Mar-a-Lago Accord: What it is and What it Means for the Dollar, Global Trade and Gold

Next Post

Rio Tinto Plans US$1.8 Billion Investment in BS1 Extension, Completes Arcadium Acquisition

admin

admin

Next Post
Rio Tinto Plans US$1.8 Billion Investment in BS1 Extension, Completes Arcadium Acquisition

Rio Tinto Plans US$1.8 Billion Investment in BS1 Extension, Completes Arcadium Acquisition

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    • Trending
    • Comments
    • Latest
    Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target

    Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target

    October 28, 2024
    Israeli MP behind bill to expel key UN agency accuses US of interfering with process

    Israeli MP behind bill to expel key UN agency accuses US of interfering with process

    October 28, 2024
    British nurse Lucy Letby loses bid to appeal single attempted murder conviction

    British nurse Lucy Letby loses bid to appeal single attempted murder conviction

    October 25, 2024
    North Korean troops spotted in Russian border region with Ukraine, says Kyiv

    North Korean troops spotted in Russian border region with Ukraine, says Kyiv

    October 25, 2024
    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    0
    Private payroll growth slowed to 122,000 in July, less than expected, ADP says

    Private payroll growth slowed to 122,000 in July, less than expected, ADP says

    0
    The 10 worst states to retire in the U.S. No. 1 isn’t California or New York

    The 10 worst states to retire in the U.S. No. 1 isn’t California or New York

    0
    Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO

    Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO

    0
    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    June 7, 2025
    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    June 7, 2025
    Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

    Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

    June 7, 2025
    How the US could be vulnerable to the same kind of drone swarm attack Ukraine unleashed on Russia’s bomber fleet

    How the US could be vulnerable to the same kind of drone swarm attack Ukraine unleashed on Russia’s bomber fleet

    June 7, 2025

    Recent News

    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    June 7, 2025
    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    June 7, 2025
    Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

    Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

    June 7, 2025
    How the US could be vulnerable to the same kind of drone swarm attack Ukraine unleashed on Russia’s bomber fleet

    How the US could be vulnerable to the same kind of drone swarm attack Ukraine unleashed on Russia’s bomber fleet

    June 7, 2025

    Disclaimer: financemasterynews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Browse by Category

    • Business
    • Investing
    • Stock
    • World-news

    Recent News

    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    Trump-Xi call restores trade truce. But the supply chain war has no end in sight

    June 7, 2025
    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    China-appointed Panchen Lama vows to make religion more Chinese in meeting with Xi Jinping

    June 7, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 financemasterynews.com | All Rights Reserved

    No Result
    View All Result

    Copyright © 2025 financemasterynews.com | All Rights Reserved