BHP to sell Cerro Colorado mine to EMR for up to $US320m

BHP is to sell its Cerro Colorado copper mine in Chile to Melbourne-based equity firm EMR Capital for $US230 million ($311.4 million) in cash, $US40 million ($US54.2 million) in proceeds and around $US50 million ($67.7 million) in contingent payments down the line, depending on copper performance.
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Galileo targets $15m from IPO

Cobalt-nickel explorer Galileo Mining is seeking to raise up to $15 million through an initial public offering (IPO) as it moves towards listing on the Australian Securities Exchange (ASX) next month.
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