BHP ltd : Adding to its copper potential at a reasonable price
>Modestly sized deal for BHP - BHP and Lundin Mining announced yesterday that they are jointly acquiring junior exploration miner Filo for CAD 4.1bn ($ 3bn). Filo is focused on an advanced-stage copper exploration project in Atacama along the border between Argentina and Chile. The purchase price implies a 32% premium to Filo’s 30-day volume weighted average price to 11 July when first takeover rumours emerged and a 12% premium on the last closing price. The deal has ...BHP Billiton is a global resources company. Co. operates under a Dual Listed Company (DLC) structure, which consists of the BHP Billiton Limited Group and the BHP Billiton Plc Group, operating as a single economic entity. As of June 30 2017, Co. operated four reportable segments: Petroleum, which is involved in the exploration, development and production of oil and gas; Copper, which is involved in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron ore, which is involved in the mining of iron ore; and Coal, which is involved in the mining of metallurgical coal and thermal (energy) coal.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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