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Mining giant BHP and Canada’s Lundin Mining have teamed up to acquire South America-focused Filo Corp. , in a $3 billion deal that hands them key copper assets in Chile and Argentina.
The partners will also own the large-scale Josemaría copper-gold-silver project, in the San Juan Province of Argentina, about 9 km east of the border with Chile. “The proposed transaction builds on a multi-year relationship between BHP and the Lundin Group of companies through which we have developed a strong understanding of the resource potential of the Vicuña district and the possible pathways for development of the Filo del Sol and Josemaria projects,” Henry said
“Our copper-gold-silver exploration success at Filo has been unmatched since spinning the company out in 2016, and now is the right moment to hand the project off to its next stewards to maximize the potential of this remarkable discovery,” the company’s president and CEO, Jamie Beck, said in
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