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 ...

Lundin has no plan to amend Nevsun offer

MINEX Forum | September 10, 2018
img0 Canadian firm Lundin Mining has announced that it would not amend its bid for all of the issued and outstanding shares of fellow Canadian miner Nevsun Resources. This comes after Nevsun earlier this week agreed to a friendly C$1.86-billion takeover by Zijin Mining, trumping Lundin’s hostile C$1.4-billion takeover bid of July 26. Lundin’s bid expires ...

Friendly All-Cash Agreement for Nevsun to be Acquired by Zijin Mining for US$1.41 billion

MINEX Forum | September 5, 2018
img0 Consideration of C$6.00 per share represents 57% premium to unaffected Nevsun share price Board of Directors unanimously recommends Nevsun shareholders ACCEPT the Offer Vancouver, BC, / Fujian, China — Nevsun Resources Ltd. (TSX:NSU) (NYSE AMERICAN: NSU) (“Nevsun” or the “Company”) and Zijin Mining Group Co.Ltd. (SH:601899, SEHK:2899) (“Zijin”) today announced that the parties have entered into a definitive agreement pursuant ...

Nevsun files technical report for Serbian project

MINEX Forum | August 9, 2018
img0 Nevsun Resources Ltd. [NSU-TSX; NYSE AMERICAN], the target of a $1.4 billion takeover bid from Lundin Mining Corp. [LUN-TSX; LUMI-Sweden], has filed a NI 43-101-compliant technical report for its flagship Timok gold-copper project in Serbia. The report contains details of a prefeasibility study for Timok’s Upper Zone, and a resource estimate for the Lower Zone. ...

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 ...