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Copper|Mining|PROJECT
Copper|Mining|PROJECT
copper|mining|project

Filo sets date for shareholder vote on BHP and Lundin buyout

4th September 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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Toronto-listed Filo will convene a virtual meeting on September 26 to approve the acquisition by BHP and Lundin Mining.

The company says it has mailed and filed a management information circular and related meeting materials for the special meeting.  

In terms of the transaction, announced at the end of July,  BHP and Lundin Mining will jointly acquire Filo, which owns the Filo del Sol (FDS) project, for C$4.1-billion, or C$33 a share.

For BHP and Lundin, the acquisition forms part of a larger collaboration to develop an emerging copper district in the Vicuna belt of Argentina and Chile.

 The companies will create a joint venture, each contributing their respective 50% interests in FDS and the Josemaria project. BHP will acquire 50% of Josemaria from Lundin for $690-million.

Edited by Creamer Media Reporter

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