BHP announced on July 30th that it has agreed to jointly acquire Filo Corp, a Toronto Stock Exchange listed company, with Lundin Mining Corporation of Canada. Filo Corp owns 100% equity in the Filo del Sol copper mine project. BHP and Lunding Mining have also agreed to establish a 50/50 joint venture to hold the Filo del Sol and Josemaria projects. Lunding Mining owns 100% equity of the Josemaria project. BHP Billiton is expected to pay approximately $2.1 billion in cash for the proposed transaction.