Lundin Mining and BHP to acquire Filo for $2.9bn.

Lundin Mining, a Canadian base metals mining company, and BHP, a multinational mining and metals public company, agreed to acquire Filo, a mining company focused on advancing the company's key project, Filo del Sol, for $2.9bn. “This strategic transaction is the key to unlocking the enormous value that the Vicuña District represents. As we partner to acquire Filo del Sol, one of the world’s largest undeveloped copper-gold-silver deposits, with its true size yet to be defined, we are very excited about the future of the Company and our role in developing this region. Combined with the Josemaria project, we are now positioned to create a multi-generational mining district with significant synergies and cost savings on a scale that has the potential to become one of the world’s largest of its kind. Importantly, we gain a valued partner in BHP and together we aim to generate long-term value through combining complementary skills and experiences, foundational to our near-term goal of becoming a top-tier copper producer," Jack Lundin, Lundin Mining President and CEO.