Nevsun Resources Mining News

Lundin gives up on Nevsun after Zijin's $1.41 billion offer

Toronto-based miner said it doesn’t intend to amend any of the terms of its bid for Nevsun, but noted it would continue to pursue strategic growth opportunities.

China’s Zijin to buy Nevsun for $1.41bn after Lundin takeover rejected

The Chinese gold and base metals producer will give Nevsun Cdn$6 per share in cash, trumping Lundin’s C$4.75 a share bid launched in July.

Nevsun passes on Lundin’s $1.4 billion fresh takeover bid

The base metals producer said that, while it has not yet received a formal offer from Lundin, the bid announced Monday the bid ignores the fundamental value of the company and its assets.

Nevsun extends life of its Bisha mine in Eritrea until the end of 2022

Decision gives 18 months more than planned to the operation, which would result in additional production of 470 million pounds of zinc and 52 million pounds of copper during that period.

Eritrea 'poison pill' complicates miner Lundin's aspirations -sources

Lundin Mining's board of directors, chaired by billionaire resources tycoon Lukas Lundin, refuses to invest in Eritrea.

Nevsun shares soar as it rejects $1.2-billion bid from Lundin, Euro Sun

Nevsun, who declined the offer for the fourth time, said the proposal undervalued its Timok copper-gold project in Serbia and that junior Euro Sun was “not an attractive partner”.

Canadian miner loses appeal to move human rights lawsuit to Eritrea

Eritreans' case against Nevsun likely to proceed in Canada.

Nevsun off to the races after eye-popping Serbia assays

Drilling results from Vancouver-based company's super high-grade Timok copper-gold project lifts market value to within sight of US$1 billion.

Nevsun completes switch to zinc

Vancouver-based miner ships first zinc concentrate from flagship Bisha mine in Eritrea which started life as a gold-silver project in 2010.

Canada's Nevsun defends itself against abuse allegations in Eritrea

Should foreigners who allege human rights abuses against a Canadian company operating in a foreign land have their case heard in a Canadian court?

Canada’s Nevsun denies claims of human rights abuses at Eritrea mine

The Vancouver-based miner has released an independent report that found no evidence of forced labour or human rights violations at its Eritrean gold and copper operation.

What was it like, Dad?

We lost nearly everyone on that journey which began so optimistically—and naively.

Vancouver miner faces civil suit alleging 'slave labour' amid takeover rumours

Nevsun Resources faces rumours of $1 billion acquisition and civil suit on same day.