Following is failed attempt to take over Anglo American in a deal primarily driven by copper, BHP has announced a joint venture with Lundin Mining to buy copper miner Filo. Besides each taking a 50% stake in the Filo del Sol copper project, in Chile, BHP will also acquire half of Lundin’s Josemaria project, just over the border in Argentina. The intention now is to combine the projects to cut costs. Photograph: Bloomberg
Edited by: Creamer Media Reporter
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