2024-07-30 12:30:00 ET
Following rumors of a potential joint bid , BHP ( ASX : BHP ,LSE:BHP,NYSE:BHP) and Lundin Mining ( TSX : LUN ,OTC Pink:LUNMF) have entered into an agreement to acquire Filo (TSX: FIL ,OTCQX:FLMMF) for C$4.5 billion.
The acquisition will see BHP and Lundin Mining form a 50/50 joint venture that will include the Filo del Sol project, owned by Filo, and Lundin's Josemaria project. Both are located in Argentina near the Chilean border.
“Our copper-gold-silver exploration success at Filo has been unmatched since spinning the Company out in 2016, and now is the right moment to hand the project off to its next stewards to maximize the potential of this remarkable discovery,” said Filo President and CEO Jamie Beck in a Tuesday (July 30) press release .
For further details see:
BHP and Lundin Mining Team Up to Acquire Filo for C$4.5 Billion