Tag Archives: Nevsun Takeover

Zijin Mining Succeeds Acquiring Nevsun

Nevsun to be acquired for $1.4bln by Chinese Zijin Mining
Zijin Acquires 276,820,575 Shares of Nevsun, representing approximately 89.37% of the total issued and outstanding Nevsun Shares on a fully diluted basis.

BY NEVSUN

Nevsun Resources Ltd. (TSX: NSU) (NYSE AMERICAN: NSU) (“Nevsun”) and Zijin Mining Group Co. Ltd.(SH:601899, SEHK:2899) (“Zijin”) announces that Zijin has been successful in its offer to purchase all of the issued and outstanding Nevsun common shares for C$6.00 per share (the “Offer”). Continue reading Zijin Mining Succeeds Acquiring Nevsun

China’s Zijin Clears Last Regulatory Condition for $1.41B Nevsun Takeover

Shares of Nevsun Resources Ltd. reached a 52-week high of $5.97 today after Zijin completed both Chinese (SAFE) and Canadian (ICA) gov’t regulatory approvals to proceed with its proposed $1.41 billion takeover bid of Nevsun.

BY MINING.COM

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. Continue reading China’s Zijin Clears Last Regulatory Condition for $1.41B Nevsun Takeover

Nevsun Takeover Battle Heating Up

Spurred on by the developments in Eritrea and at its flagship Timok Project in Serbia, Nevsun’s takeover battle is heating up that will likely culminate in a sale by year-end. (Photo: Martin Zimmermann)

BY MATT GEIGER | SEEKING ALPHA

Nevsun (NYSEMKT:NSU) has been a standout performer in what has been a disappointing year for the mining industry. This was long overdue for a company that has lagged its base metal peers for much of the past three years. Continue reading Nevsun Takeover Battle Heating Up

Nevsun Rejects a Takeover Offer, Is a Hostile Attempt Next?

Nevsun Resources hits back at unsolicited C$1.5b takeover bid from Euro Sun Mining and Lundin Mining saying it contains “serious deficiencies” and is “fundamentally uncertain”. So, what is next?

BY PETER ARENDAS | SEEKING ALPHA

Yesterday, Lundin Mining (OTCPK:LUNMF) and Euro Sun Mining (OTCPK:CPNFF) announced that they submitted a proposal to acquire Nevsun Resources (NSU) for C$1.5 billion ($1.156 billion), however, this offer was rejected by Nevsun’s management. Continue reading Nevsun Rejects a Takeover Offer, Is a Hostile Attempt Next?

Nevsun Resources Rejects $1.16b Takeover Offer

Nevsun rebuffs Lundin’s takeover offer. The Timok upper zone Net Present Value alone (at 8% discount rate) is US$1.5 billion. This is without adding the massive Bisha copper-zinc mine. (Photo: Martin Zimmermann)

BY REUTERS

Canadian miners Lundin Mining Corp and Euro Sun Mining Inc disclosed on Monday an offer made earlier to buy base metals company Nevsun Resources Ltd, which rejected the C$1.5 billion ($1.16 billion) proposal. Continue reading Nevsun Resources Rejects $1.16b Takeover Offer