BHP will support a $1.69 billion Chinese takeover of mineral explorer SolGold,

BHP will support a $1.69 billion Chinese takeover of mineral explorer SolGold, ending a decade-long battle for control of the Ecuadorian copper and gold discovery.

BHP, rival mining giant Newmont and other big investors have vowed to sell their SolGold shares to Jiangxi Copper if the Chinese bidder can formalise a non-binding offer to pay £0.28 (56.3¢) for each of SolGold’s London-listed shares.