Lundin Mining, BHP weighing joint bid for copper miner Filo Corp, sources say
The talks between Lundin and BHP are at an early stage, the sources said, adding that there is no guarantee that the two companies will team up on a bid for Filo.
The consideration for a possible takeover comes as there is ongoing work to merge the Josemaria project that belongs to Lundin Mining with the Filo del Sol project, one of the sources said, adding that combining the infrastructure between the mines would cost between $5 billion to $8 billion. The sources requested anonymity as the discussions are confidential.miner Filo Corp, while BHP holds a 6% stake in the company, according to recent regulatory filings and LSEG data.
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