Champagne corks are flying at ASX-listed Cobre, the copper-silver explorer chaired by Martin Holland.
The $26 million Cobre has signed an earn-in agreement with BHP Group, which will see the mining giant provide up to $US25 million ($40 million) in funding for exploration at Cobre’s Kitlanya East and West copper projects in Botswana. The deal is expected to be announced on Monday.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
