When BHP (ASX:BHP) and Lundin Mining Corporation announced a joint bid for Toronto-listed copper explorer Filo Corp in late July, it set pulses racing.
The C$4.1 billion cash and scrip bid represents a premium of 32.2% and will give the pair ownership of the Filo del Sol copper project.
BHP will also buy 50% of Lundin’s Josemaria project for US$690 million.
Both projects sit on the border of Chile and Argentina.
Copper Macro Thread, page-375
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