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M&A - Asia

Australia's Newcrest to buy Canadian copper and gold mine for $807 mln

March 11 (Reuters) - Australian gold miner Newcrest Mining Ltd said on Monday it had agreed to acquire a copper and gold mine in British Columbia, Canada, from Toronto-listed Imperial Metals Corp for 806.5 million U.S. dollars.

Newcrest will acquire a 70 percent joint-venture interest in, and operatorship of, the Red Chris mine and surrounding tenements, the company said in a statement. The property comprises 23,142 hectares of land with 77 mineral tenures. (Reporting by Ambar Warrick in Bengaluru; Editing by Kevin Liffey)

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