Workflow
BHP, Lundin, Integra on the hunt for copper and gold projects
BHPBHP(BHP) Proactiveinvestors NA·2024-07-30 19:46

Mining M&A is heating up with strategic moves to consolidate operations and strengthen market positions in the copper and gold sectors. BHP and Lundin will form a 50/50 joint venture to manage the Filo del Sol and Josemaria projects in Argentina and Chile. BHP's significant investment underscores the company's confidence in the long-term prospects of copper. The deal is relatively smaller compared to previous industry megadeals, like Barrick Gold's $7.3 billion acquisition of Equinox Minerals in 2011. Howev ...