MANAGEMENT

Evolution buying Ernest Henry for $1B

AFTER long coveting the Ernest Henry copper-gold mine near Cloncurry in northern Queensland, Evolution Mining executive chairman Jake Klein has pulled the trigger on a deal to buy it.

The Ernest Henry mining operation.

The Ernest Henry mining operation.

Ernest Henry owner Glencore and Evolution have entered into a binding agreement for the sale, which is expected to complete on January 6. Under the deal Evolution will hand over $800 million when the...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.