Lundin Mining Approaches BHP to Buy Copper Miner Filo, Bloomberg Reports
--Lundin Mining reached out to BHP Group about a joint effort to acquire copper miner Filo, Bloomberg News reported Friday.
--Lundin proposed buying out other Filo shareholders and then merging Filo's Filo del Sol copper mining project on the Chile-Argentina border with Lundin's own nearby Josemaria project, Bloomberg News said.
--The Lundin family already owns a 32% stake in Filo, while BHP owns nearly 6%, according to Bloomberg News.
--It wasn't clear how much interest BHP had shown in the proposal, Bloomberg News reported.
Full article at https://www.bloomberg.com/news/articles/2024-07-12/lundin-is-said-to-pitch-bhp-on-joint-bid-for-copper-miner-filo?srnd=homepage-americas
Write to Victor Swezey at victor.swezey@wsj.com; @vicswezey
(END) Dow Jones Newswires
July 12, 2024 16:18 ET (20:18 GMT)
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