Lumina Copper Invites BHP Deal With Argentine Discount

Lumina Copper Invites BHP Deal With Argentine Discount

Ian Waldie/Bloomberg

While the Taca Taca mine won’t start producing until 2017 and will cost $3 billion to develop, Adrian Day Asset Management says Lumina is now cheap enough to lure BHP Billiton Ltd. or Rio Tinto Group as copper reserves are exhausted and deposits become harder to find.