(Updates with further details and background)
July 29 (Reuters) - Global miner BHP Group (BHP) and Canada-listed Lundin Mining LUN.TO will takeover explorer Filo Corp FIL.TO for C$4.5 billion ($3.25 billion), the companies said on Monday, as they move to progress the Filo del Sol and Josemaria projects.
BHP and Lundin will form a 50/50 joint venture to hold both the projects.
Under the deal, BHP is expected to pay a total of $2.1 billion in cash.
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.
($1 = 1.3854 Canadian dollars)
News: BHP UPDATE 1-BHP and Lundin Mining to buy Filo for $3.25 bln
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