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An announcement from BHP Group Ltd ( (AU:BHP) ) is now available.
BHP Group Limited, in collaboration with Lundin Mining Corporation, has finalized the acquisition of Filo Corp and formed a joint venture named Vicuña Corp. This strategic move, valued at US$2 billion, focuses on advancing the Filo del Sol and Josemaria copper projects in Argentina and Chile. The joint venture, with equal ownership and governance between BHP Canada and Lundin Mining, is expected to enhance shareholder value and align with international industry standards, thereby strengthening BHP’s position in the copper industry, crucial for global economic and technological development.
More about BHP Group Ltd
BHP Group Limited, headquartered in Australia, is a leading global producer of copper, a key metal for economic growth, energy transition, and data centers supporting artificial intelligence. BHP is involved in various mining operations and partnerships worldwide, focusing on essential resources that drive industrial and technological advancements.
YTD Price Performance: 1.69%
Average Trading Volume: 180,574
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $126B
Learn more about BHP stock on TipRanks’ Stock Analysis page.
