China’s Zijin buys Freeport’s copper-gold assets in Serbia for up to $390 million

MINEX Forum | November 5, 2019
img0 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 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 ...