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Filo shareholders approve acquisition by BHP, Lundin

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Shareholders of Filo Corp. have given their approval for the proposed acquisition by BHP Group and Lundin Mining , taking what would be one of the biggest deals in the mining sector this year closer to the finish line.

As outlined in the July 2024 agreement, BHP and Lundin would acquire Filo and its flagship copper asset, Filo del Sol, for total consideration of approximately C$4.1 billion. In addition, the two mining majors would form a 50/50 Canadian-based joint venture to develop the project.

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