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TSX / NYSE-listed Nevsun Resources has been advised by Zijin Mining Group that Zijin has received the second of three required regulatory approvals from the People's Republic of China for Zijin's proposed friendly takeover bid of Nevsun.
In its directors’ circular to shareholders, Nevsun Resources recommended its shareholders tender their shares to Zijin Mining Group following a friendly take-over bid by Zijin earlier this month.
Nevsun Resources and Zijin Mining Group have entered an agreement where Zijin will make a take-over bid to acquire Nevsun.
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.
Dual-listed Nevsun Resources has announced that, together with its Eritrean partner ENAMCO, it has approved an extension to the Bisha zinc-copper mine in Eritrea, self-funded by existing cash flows from Bisha.
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...
The mine is on-track for ore commissioning in mid-second quarter 2016 and commercial production later in 2016. Highlights: Zero lost time injury incidents to date on the zinc expansion Significantly under budget with estimated cost now $80 million On...
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