# Evolution Mining to acquire 80% stake in Northparkes copper-gold mine for US$475M

Evolution Mining has entered into a binding agreement to acquire an 80% interest in the Northparkes copper-gold mine in New South Wales from CMOC Group for up to US$475 million. The transaction is expected to close before the end of December 2023.

- Type: Acquisition
- Announced: 2023-12-05
- Where: Northparkes, New South Wales, Australia
- Value: $475.0M
- Status: announced
- Products: copper, gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Sumitomo Corporation](https://endata.com/companies/6281.md) (partner)
- [Sumitomo Metal Mining](https://endata.com/companies/24717.md) (partner)
- [Evolution Mining](https://endata.com/companies/26722.md) (acquirer)
- [CMOC Group](https://endata.com/companies/38720.md) (target)

## Sources

- [im-mining.com](https://im-mining.com/2023/12/05/evolution-mining-bolsters-copper-with-northparkes-acquisition-as-mine-starts-up-surface-ops/), 2023-12-05: "Evolution Mining has entered into a binding agreement to acquire an 80% interest in the Northparkes copper-gold mine in New South Wales from China’s CMOC Group Ltd for a total cash consideration of up to US$475 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.