Redhawk, Anglo to develop Copper Creek

Aug 13, 2014 | 02:36 PM | Saranya Kapur

Tags  copper, Redhawk Resources, Anglo American, Copper Creek project, joint venture, R. Joe Sandberg, Saranya Kapur

NEW YORK — Redhawk Resources Inc. has signed a joint-venture agreement with Anglo American Plc to develop its Copper Creek project in San Manuel, Ariz.

The London-based global mining company will earn a 60-percent interest in the project by investing $44 million over a five-year period, with a commitment to fund at least $3 million in the first year. Anglo American could earn an additional 20-percent interest in the project by investing a further $20 million for the project’s expenditures on or before....

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