Mining
By Frank Prenesti
Date: Tuesday 30 Jul 2024
LONDON (ShareCast) - (Sharecast News) - Australian Mining giant BHP rebounded from its failure to buy rival Anglo American and announced it would expand its copper interests in South America via a joint venture with Canada's Lundin Mining which in turn would offer $3.25bn to acquire Filo Corp.
The joint venture will hold the Filo del Sol and Josemaria projects around the Argentine-Chile border, BHP said on Tuesday.
BHP and Lundin have offered $33 Canadian dollars per Filo share, a 12.2% premium to the closing price on Monday, with BHP stumping up $2.1bn.
A previous attempt to broaden its presence in the copper market collapsed in May when BHP abandoned a $49bn bid to take over Anglo American, which had rebuffed three proposed offers from the world's biggest miner.
Reporting by Frank Prenesti for Sharecast.com
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Currency | UK Pounds |
Share Price | 2,063.00p |
Change Today | -10.00p |
% Change | -0.48 % |
52 Week High | 2,358.00p |
52 Week Low | 1,609.50p |
Volume | 1,390,903 |
Shares Issued | 5,079m |
Market Cap | £104,778m |
Value |
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Income |
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Growth |
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Strong Buy | 2 |
Buy | 6 |
Neutral | 7 |
Sell | 1 |
Strong Sell | 1 |
Total | 17 |
Latest | Previous | |
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Final | Interim | |
Ex-Div | 04-Sep-25 | 06-Mar-25 |
Paid | 25-Sep-25 | 27-Mar-25 |
Amount | 60.00¢ | 50.00¢ |
Time | Volume / Share Price |
15:21 | 0 @ 2,076.00p |
16:38 | 7,954 @ 2,063.00p |
16:35 | 526,013 @ 2,063.00p |
16:35 | 60 @ 2,063.00p |
16:35 | 14 @ 2,063.00p |
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