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.
