Big day tomorrow then....
qty - with all eyes on the # of quarters cash remaining
the much anticipated drill results - with a need to get some solid numbers to keep the shallow Limon mine alive on track
In the meantime, South American mine anyone? - BHP chasing gina down south
BHP and Lundin Mining to acquire Filo Corp. and form a 50/50
joint venture to progress the Filo del Sol and Josemaria
projects
BHP and Lundin Mining Corporation (Lundin Mining) have agreed to jointly acquire 100% of
Filo Corp., a Toronto Stock Exchange (TSX) listed company, through a Canadian plan of
arrangement (Filo Acquisition). Filo Corp. owns 100% of the Filo del Sol (FDS) copper
project.
BHP and Lundin Mining have also agreed to form a 50/50 joint venture to hold the FDS and
Josemaria projects (Joint Venture) located in the Vicuña district of Argentina and Chile
(together with the Filo Acquisition, the Proposed Transaction). Lundin Mining owns 100% of
the Josemaria project. The Joint Venture will create a long-term partnership between BHP and
Lundin Mining to jointly develop an emerging copper district with world-class potential.
BHP’s total cash payment for the Proposed Transaction is expected to be approximately
US$2.1 billion.
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