M&A

Anglo strikes deal with Highlands on Star Mountains

HIGHLANDS Pacific today announced a joint venture with mining giant Anglo American to explore and develop the Star Mountains copper-gold project in Papua New Guinea in a deal that could be worth as much as $US185 million ($A222.3 million).

Robert Hobson

Anglo strikes deal with Highlands on Star Mountains

The two have signed a non-binding letter of intent envisaging a farm-in and JV deal over Star Mountains. Under the proposed deal, Anglo would pay Highlands an initial $10 million cash payment in two...

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