[Ferro-Alloys.com]
BHP, Kingsrose to jointly explore Norway and Finland
BHP (ASX, LON, NYSE: BHP) and Australian junior Kingsrose Mining (ASX: KRM) inked on Wednesday two joint exploration agreements to look and develop nickel and copper assets in Norway and Finland.
As part of the alliance with Kingrose, which participated in BHP’s accelerator Xplor, the world’s largest miner will potentially spend $56 million over the next decade to earn up to a 75% stake in the smaller firm’s assets.
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