BHP Group and Lundin Mining Corp form a joint venture to acquire Filo Corp for $2.1B, granting BHP a 50% stake in Filo's Chilean mine and Lundin
BHP Group and Lundin Mining Corp have formed a joint venture to acquire copper miner Filo Corp, granting BHP a 50% stake in Filo, which owns the Filo del Sol mine in Chile, and a 50% stake in Lundin's Josemaria operation in Argentina. The deal values Filo Corp at C$33.00 per share and will see BHP pay a total of $2.1 billion in cash. The joint venture aims to develop an emerging copper district with significant potential, leveraging the advanced stage of engineering and permitting at the Josemaria project.
July 30, 2024
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