Canada's Nevsun agrees for $1.41b takeover by China's Zijin Mining

Canada's Nevsun agrees for $1.41b takeover by China's Zijin Mining

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China’s Zijin Mining Group Co will buy Canadian gold and copper miner Nevsun Resources Ltd for about C$1.86 billion ($1.41 billion), the companies said on Wednesday, after Nevsun rejecting multiple bids from rival Lundin Mining Corp.

Zijin Mining, which specialises in gold, copper and zinc, will offer C$6.00 per share in cash for Nevsun, the companies said, representing a premium of about 21 percent to Nevsun’s close in Toronto on Tuesday.

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