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Lundin Mining completes C$4 billion joint acquisition of Filo with BHP and concurrent US$690 million sale of 50% Josemaria interest to form Vicuña Corp.

Fasken
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Overview

Client

Lundin Mining Corporation

On January 15, 2025, Lundin Mining Corporation ("Lundin Mining"), a leading Canadian base metals mining company, completed a joint acquisition of Filo Corp. with BHP Investments Canada Inc. (“BHP”) for total consideration of approximately C$4 billion. Concurrently, Lundin Mining sold a 50% interest in the Josemaria project to BHP for US$690 million, forming a 50/50 joint venture, Vicuña Corp., which holds both the Filo del Sol and Josemaria projects.

Vicuña Corp. establishes a long-term strategic alliance between Lundin Mining and BHP to jointly develop an emerging copper district with the potential to support a globally ranked mining complex.

Fasken advised the Special Committee of Lundin Mining with a team comprised of Bradley Freelan, Brian Graves and Zach Austin.

Jurisdiction

  • Ontario

Team

  • Bradley A. Freelan, Partner | Mergers & Acquisitions, Toronto, ON, +1 416 865 4423, bfreelan@fasken.com
  • Brian Graves, Partner | Mergers & Acquisitions, Toronto, ON, +1 416 865 4517, bgraves@fasken.com
  • Zach Austin, Partner | Mergers & Acquisitions, Toronto, ON, +1 416 865 4375, zaustin@fasken.com