Hecla Mining grabs rest of Greens Creek
Long-awaited purchase of Rio Tinto's majority interest in silver producer gives Idaho-based partner chance to target resource base
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Last updated 2/24/2008 at Noon
Hecla Mining Co., longtime minority share owner of the Greens Creek Mine, Feb. 12 said it agreed to purchase for $750 million the remaining 70.3 percent interest in the Southeast Alaska operation that is owned by Rio Tinto subsidiary Kennecott.
The cash deal will give Hecla of Coeur d'Alene, Idaho, 100 percent control of the world's fifth largest silver mine and will nearly double the company's...
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