Bruchou & Funes de Rioja acted as local counsel to Lundin Mining (“Lundin”) in the joint venture agreement with BHP to acquire Filo Corporation, the company that controls the Filo del Sol project, a significant copper, silver, and gold asset located in Argentina’s San Juan Province and Chile’s Atacama region.

The transaction was signed on July 29, and it’s worth approximately US$3.25 billion. As part of the deal, BHP will pay US$690 million to Lundin for adding the Josemaria project to the joint venture, a copper mine also located in the Province of San Juan, Argentina.

Upon closing, the two companies will establish a 50/50 joint venture to manage both the Filo del Sol project and Lundin’s Josemaria project.

Lundin Mining is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.

Australia’s BHP is one of the world’s largest mining companies, with operations in Brazil, Chile, Colombia, Mexico, and Peru within Latin America.

Counsel to Lundin

Sullivan & Cromwell LLP: Partners Werner Federico Ahlers, Matthew Friestedt, Davis Wang and Alan Fishman, special counsel Matthew Brennan and associates Virginia Cueva, Andrew Brod, Rebecca Rabinowitz, Elianne Neuman Schiff and Gregg Rader in New York; partner Mark Schenkel in Palo Alto; partners Aisling O'Shea and Eric Kadel in Washington, DC; partner Adam Paris in Los Angeles; counsel Jonathon Hannah in London; and partner Michael Rosenthal and associates Justin Gibbs, Kolja Ortmann and Chiara Neirotti in Brussels.

Cassels Brock & Blackwell LLP in Canada.

Bruchou & Funes de Rioja in Buenos Aires: Partners Sebastián Vedoya (Mining), Exequiel Buenaventura (Corporate) and Lucila Tagliaferro (HR Law). Associates Stefania Ferro, Julian Gomez Luboz (Corporate), Dolores Cattaneo and Josefina Piñeiro (Mining).

Counsel to Lundin Mining Board of Directors: Fasken Martineau DuMoulin LLP

Counsel to BHP: Stikeman Elliot LLP and Marval, O’ Farrel & Mairal in Buenos Aires, through partners Leonardo Rodríguez (Mining), Francisco Abeal (Banking & Capital Markets) and associate Agustina Dellacasa (Mining).

Counsel to Filo: Blake, Cassels & Graydon LLP