Richard Swan and Gannon Beaulne of Bennett Jones discuss the growing legal uncertainty for miners operating abroad, illustrated by the Araya v Nevsun Resources case.
A recent Supreme Court decision pertaining to Nevsun Resources could have big implications for other Canadian mining companies with foreign operations, opening them up to human rights claims stemming from their operations abroad. The lawsuit against Nevsun, Nevsun vs. Araya,…
COLOMBIA – In the latest mega-deal sweeping the gold sector, Zijin Mining Group is buying Continental Gold for $1.4 billion in cash. The cash-rich Chinese gold miner is on an acquisition spree. In early November it said it would buy copper-gold assets…
Detour Gold Corp. of Toronto has named Bill Williams as interim CEO, following the resignation of Michael Kenyon. The company is seeking a permanent executive. Following its takeover by Zijin Mining Group, Vancouver’s Nevsun Resources has announced these executive appointments:…
Robert Archer has been appointed CEO of Vancouver-based Newrange Gold. He is a professional geologist with more than 35 years’ experience in the industry and was a cofounder and CEO of Great Panther Silver. He joined the board of Newrange…
VANCOUVER – Vancouver-based Nevsun Resources has agreed to a friendly takeover by Zijin Mining Group of Fujian, China. Zijin is offering an all-cash deal of C$6.00 per share for all the issued and outstanding shares of Nevsun, making the deal…
Nevsun Resources (TSX: NSU; NYSE: NSU) is rejecting an unsolicited proposal by Euro Sun Mining (TSX: ESM) and Lundin Mining (TSX: LUN) that it says lacks adequate value and has a problematic structure. The mining company argues the cash and share proposal undervalues its high-grade…
Nevsun Resources (TSX: NSU; NYSE-AM: NSU) has a busy year ahead. In early April, the mid-tier base metals company released a prefeasibility study for the Cukaru Peki Upper Zone, part of its 213 sq. km Timok copper-gold project near Bor, Serbia.…
CSA Global has announced that one of the company’s partners and longest serving consultants, Dr. Neal Reynolds, is relocating to Vancouver from corporate headquarters in Australia. His 30 years of worldwide experience includes project management, due diligence and expert reporting.…
Newly appointed CEO Peter Kukielski hasn’t wasted much time putting his imprint on Nevsun Resources (TSX: NSU; NYSE: NSU). The Stanford University educated civil engineer who joined the company in May is moving quickly to put his expertise to work in re-assessing…
The Association for Mineral Exploration in Vancouver has welcomed Edie Thome as its new president and CEO. She brings a wealth of experience in government relations, permitting and public affairs as well as on-the-ground experience working with stakeholders, First Nations,…
VANCOUVER – There’s been ample speculation on when Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) would mobilize its substantial capital position in the mergers and acquisitions arena, and on April 24 the company finally pulled the trigger on a US$365-million deal for prospect generator…