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- Australian miner BHP Group Limited (AU:BHP) and Canada-based Lundin Mining (TSE:LUN) have partnered to acquire Canadian mining company Filo Corp. (TSE:FIL) for $3.25 billion. With this acquisition, both BHP and Lundin aim to strengthen their copper portfolios, to capitalize on the global shift towards cleaner energy.
www.nasdaq.com/articles/ma-news-bhp-lundin-mining-acquire-filo-325b-copper-pushM&A News: BHP, Lundin Mining to Acquire Filo for $3.25B in ...
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3 days ago · The two mining majors also plan to form a 50/50 Canada-based joint venture to develop Filo del Sol. It’s located near the copper-rich Atacama Desert, straddling the border with Chile. A prefeasibility study outlined a 13-year mine operation with average annual production of 66,000 tonnes of copper, 168,000 oz. of gold and 9.26 million oz. of silver.
Jul 30, 2024 · Continued exposure to the district: The Proposed Transaction provides a path to develop FDS to its full potential, backed by two experienced copper miners. Filo Corp. shareholders would have...
4 days ago · News. Latest News ; Stock Market ... company focused on advancing its 100% owned Filo del Sol copper-gold-silver deposit located ... Acquisition by BHP and Lundin Mining (CNW Group/Filo Corp.) ...
Jul 30, 2024 · The deal announced Tuesday will give BHP a 50 per cent stake in Filo — which owns a big copper project that straddles the Argentina-Chile border — as well as half of Lundin’s neighboring Josemaria operation, with the intention to combine both ventures to cut costs.
Shares of Filo stock (TSX:FIL) surged as the company reported it would be bought out by two copper miners at a whopping $4.5 billion.
Jul 30, 2024 · BHP and Lundin have offered C$33 per Filo share, reflecting a 12.2% premium to the Canadian copper miner's last close on Monday. Under the deal, BHP is expected to pay a total of $2.1 billion in...
2 days ago · Filo Mining’s Filo del Sol project on the Chile-Argentine border Source: Filo Mining. 28 September 2024. Shareholders of Filo approved a C$4.5 billion takeover by BHP and Lundin Mining at a special meeting via a special resolution approved by 99.99% of the votes cast. The two companies are buying Filo... Start a free trial to continue reading ...
