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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 says it plans to get the Timok Upper Zone into production as soon as possible

Zijin says it plans to get the Timok Upper Zone into production as soon as possible

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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