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Evolution Mining Acquires Carnaby
Evolution Mining to Buy Carnaby Resources for $149m
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Mining TechnologyAs reported by Mining Technology, Evolution Mining has agreed to acquire Carnaby Resources for approximately $149m. The deal, which involves the acquisition of 100% of Carnaby Resources, is valued at around A$213m. This strategic move is expected to have significant implications for the mining industry, particularly in the realm of mineral exploration and resource development. According to the terms of the binding scheme implementation deed (SID) signed by the two companies, Evolution Mining is poised to expand its portfolio and strengthen its position in the market.