Lundin gives up on Nevsun after Zijin’s $1.41 billion offer
By Cecilia Jamasmie After two years, and several attempts to gain access to copper and gold mines in Eritrea and Serbia, Canada’s Lundin Gold (TSX:LUG) has decided to abandon its plan to acquire fellow miner Nevsun Resources (TSX, NYSEMKT:NSU). Faced with a competing bid from China’s state-backed Zijin Mining, the Toronto-based company said it won’t […]
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