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.

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.