BHP and Lundin Mining to Acquire Filo Corp., Form Joint Venture

BHP and Lundin Mining to Acquire Filo Corp., Form Joint Venture

30 Jul, 2024

 BHP and Lundin Mining to Acquire Filo Corp., Form Joint Venture

BHP and Lundin Mining will acquire Filo Corp., a TSX-listed company, for approximately C$4.1 billion. This acquisition includes the Filo del Sol (FDS) copper project. Both companies will form a 50/50 joint venture to manage the FDS and Josemaria projects in Argentina and Chile. This partnership will drive development in the Vicuña district, aiming for significant economic contributions to Argentina.

 

 BHP’s total payment for this transaction is around US$2.1 billion. The collaboration aligns with BHP’s strategy to invest in early-stage copper projects and leverage Lundin’s local expertise. The joint venture will enhance development efficiency and infrastructure sharing, promoting economic growth.

 


Related News

Canadian Dollar Rises, But Economic Concerns Grow With Its Strength

24 Apr, 2025

The Canadian dollar is gaining strength, but that might spell…
Read More
Canada Joins UK and US in Strengthening AI and Cybersecurity Collaboration

14 Apr, 2025

Canada has joined forces with the UK and the US…
Read More
Canadian Firms Strengthen EU Ties Amid U.S. Tariffs and Trade Turmoil

08 Apr, 2025

At one of the world’s largest industrial technology trade fairs…
Read More
Doug Ford Urges U.S.-Canada Trade Deal Excluding Mexico

05 Apr, 2025

Ontario Premier Doug Ford has suggested that the United States…
Read More
Canadian Share Market Struggles Amid Trade War Despite Metals Deals

03 Apr, 2025

Canada’s equity market struggled in the first quarter due to…
Read More
Canadian Entrepreneurs Accelerate Growth, Scaling Ambitions Reach New Heights

02 Apr, 2025

Entrepreneurs in Canada are demonstrating resilience by leveraging multiple income…
Read More

© 2025 Business International News. All rights reserved | Powered by Cred Matters.