Lundin refines three-year production outlook

MINEX Forum | December 4, 2018
img0 Canadian base metals miner Lundin Mining has updated its guidance for 2019 to 2021, announcing an increase to its three-year production outlook for copper, owing to a refinement to the guidance of Candelaria, in Chile, and an expected early completion of Eagle East, in the US. The group’s 2019 copper guidance is to produce between ...

China’s Zijin clears last regulatory condition for $1.4B Nevsun takeover

MINEX Forum | November 21, 2018
img0 Canada’s Nevsun Resources (TSX, NYSEMKT:NSU) said Tuesday that Zijin Mining had received approval from Chinese and Canadian authorities for its proposed friendly $1.41 billion-takeover bid of the Vancouver-based miner. Both the go-ahead granted by China’s State Administration of Foreign Exchange (SAFE) and the support by the Canadian Investment Canada Act (ICA), said Nevsun, were the ...

Orion’s $230m takeover bid for Dalradian Okd

MINEX Forum | September 6, 2018
img0 Dual-listed Canadian miner Dalradian Resources (TSX:DNA) (LON:DALR), which is developing a large untapped gold deposit in a remote part of Northern Ireland, will be acquired by private equity group Orion Mine Finance after a Canadian court approved the deal on Tuesday. The acquisition, proposed two months ago and expected to close this week, values Dalradian ...

Erdene becomes first cross-listed firm on the Mongolian Stock Exchange

MINEX Forum | June 15, 2018
img0 Canada’s Erdene Resource Development (TSX:ERD), one of the very few companies that has successfully navigated Mongolia’s ever-changing policies on foreign mining investment, became Thursday the first cross-listed firm on the Asian nation stock exchange. The Halifax, Nova Scotia-based miner’s common shares will trade on the Mongolian Stock Exchange (MSE) under the same symbol it has in Canada — ...

Nevsun Resources rejects unsolicited proposal

MINEX Forum | May 9, 2018
img0 Dual-listed Nevsun Resources has rejected a non-binding unsolicited proposal led by Euro Sun Mining and also including Lundin Mining Corporation. The proposal was dated April 30, 2018 and made public by Euro Sun and Lundin on May 7, 2018. Nevsun shareholders do not need to take any actions in respect of the proposal. The proposal ...

Euromax announces closing of private placement financing

MINEX Forum | April 14, 2018
img0 Euromax Resources Ltd. (TSX: EOX; OTCQB: EOXFF), is pleased to announce that it has closed its previously announced non-brokered private placement financing for gross proceeds of CAD$5,220,000 (USD$4,000,000) (the “Private Placement”). Pursuant to the Private Placement, the Company has issued 29,000,000 units (the “Units”), each Unit consisting of one common share in the capital of the ...