Reported 3 months ago
BHP Group and Lundin Mining have announced a joint acquisition of Filo Corp for approximately $3.25 billion. The companies will create a 50/50 joint venture to oversee the development of the Filo del Sol and Josemaria copper projects located at the Argentina-Chile border. The acquisition offer includes a premium on Filo's stock price and is part of BHP's strategy to enhance its copper portfolio amid increasing demand for the metal.
Source: YAHOO