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Zijin to raise US$1.2B to pay for Nevsun acquisition

Chinese miner succeeds in acquiring 89.37% of Nevsun shares, extends tender for 10 days

Henry Lazenby

Zijin announced last Friday it had accepted 89.37% of the total outstanding Nevsun shares tendered under the takeover offer and will pay $1.67 billion for the tendered shares. It will self-fund any outstanding...

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