Tag Archives: Zijin Mining

Zijin Mining Succeeds Acquiring Nevsun

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

China’s Zijin Mining Group to Acquire Nevsun Resources for C$1.86 Billion

Friendly all-cash agreement for Nevsun to be acquired by Zijin Mining for C$1.86 billion (US$ 1.41b) or C$6 per share. (Photo: Bisha Mine, Eritrea)

BY TESFANEWS *

China’s Zijin Mining Group Co is set to acquire Canadian gold and copper miner Nevsun Resources Ltd for about C$1.86 billion ($1.41 billion), trumping multiple bids from rival Lundin Mining Corp.

In a statement on Wednesday, Nevsun said it has cut a friendly deal with Zijin Mining for C$6 a share in cash, 26 percent above Lundin’s C$4.75 tender offer. Continue reading China’s Zijin Mining Group to Acquire Nevsun Resources for C$1.86 Billion