bisha

Dual-listed Nevsun Resources has rejected the hostile offer by Lundin Mining Corporation to acquire all of the outstanding shares in the company for C$4.75 per share in cash.

Nevsun Resources, which mines the copper-zinc Bisha project in Eritrea, has has received an unsolicited offer from Lundin Mining Corporation to acquire all of the issued and outstanding shares of the company.

Nevsun Resources has advised its shareolders to 'take no action' on the unsolicited takeover offer of the company made by Lundin Mining on 16 July 2018.

Eritrea - Nevsun Resources, the dual-listed base metals miner, has conducted studies evaluating the potential for underground mining at its Bisha project and Harena satellite deposit and both have proven highly feasible. In Q2, 2015, Nevsun...