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Serbia: Chinese Zijin offers deal to acquire Canadian Nevsun

China mining giant expands operations in the Balkan country

07 September, 11:06
(ANSA) - BELGRADE, SEPTEMBER 7 - The Chinese Zijin Mining Group, which became the strategic partner in the Serbian RTB Bor mine and smelter complex at the end of August, has agreed to buy the Canadian mining company Nevsun Resources, which is operating a developing project at the Cukaru Peki copper mine in Bor, in Serbia.

Nevsun informed that it entered a definitive take-over agreement with Zijin Mining, which offered to acquire the Canadian company for 1.41 billion dollars (1.2 billion euros).

The offer has to be accepted by Nevsun shareholders. "Nevsun's Board of Directors unanimously recommends that Nevsun shareholders tender their shares to accept the offer," a press release from the Canadian company reads. (ANSA).

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