Zijin Mining, one of China’s biggest gold producers, said on Monday it would buy partner Freeport McMoran Inc’s copper-gold assets in Serbia for up to $390 million, substantially boosting its resources of both metals. The move continues a recent acquisition spree for Zijin and strengthens its foothold in the Balkans, having entered Serbia when it ... China’s Zijin buys Freeport’s copper-gold assets in Serbia for up to $390 million
MINEX Forum | November 5, 2019
Zijin Mining, one of China’s biggest gold producers, said on Monday it would buy partner Freeport McMoran Inc’s copper-gold assets in Serbia for up to $390 million, substantially boosting its resources of both metals. The move continues a recent acquisition spree for Zijin and strengthens its foothold in the Balkans, having entered Serbia when it ... 
Le Figaro: Serbian copper in Chinese hands China’s acquisition of the Mining and Smelting Combine (RTB) in Bor is just one in the series of Chinese investments in the countries of the former Yugoslavia, under the One Belt, One Road strategy – the renowned French daily, Le Figaro writes. After 20 years of agony and ... 
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 ... 
In the moments of celebration and inebriation because of the successful sale of the Mining and Smelting Basin Bor, a dilemma whether one should be looking a gift horse in the mouth and asking oneself if the job was done successfully as it is being saidmight be unwelcome. At first glance, the sale of Bor ... 
Representatives of the company U Gold, which was one of the two bidders for the purchase of the majority package of RTB Bor, expressed dissatisfaction with the decision of the Serbian Government of Serbia to opt for the offer of the Chinese company Zijin. They also are dissatisfied, as they say, with the attitude of ... 
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 ... 
China’s Zijin Mining Group plans to invest $320 million (275.6 million euro) in the opening of the Cerovo 2 open pit mine in Serbia in the next three years, energy minister Aleksandar Antic has said. The opening of the Cerovo 2 mine is of utmost importance for copper miner and smelter RTB Bor, as it ... 
On the last day of August, Aleksandar Antic, the Minister of Mining and Energy in the Government of Serbia, put an end to several months of speculations on which of the three most serious bidders will buy the year-long ailing giant, Mining and Smelting Combine Bor. With an investment of 350 million euros for 63 ... 
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 ... 
Serbia has picked a Zijin Mining, China’s largest gold miner and one of the country’s top copper producers, to take over its debt-hit copper mining and smelting complex RTB Bor, Minister of Mines and Energy Aleksandar Antic said on Friday. The $1.26 billion-deal, which gives Zijin a 63% stake in the asset, marks the latest ... 
China’s Zijin Mining and Russian-owned U Gold have sent valid bids for a strategic partnership in RTB Bor, Serbia’s only copper mine and smelter, mining and energy minister Aleksandar Antic said on Tuesday. In July, Belgrade invited bids for a partner to invest at least $350 million in debt-laden RTB Bor but did not say ...