Nevsun Resources Ltd
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GOLD: Zijin Mining to acquire Continental Gold for $1.4B
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…
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MINING PEOPLE: Detour Gold, Nevsun, Strongco, and Taseko
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:…
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MINING PEOPLE: Newrange Gold, Argo Gold, Silver Spruce Resources and Nevsun Resources
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…
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MERGER: Nevsun agrees to $1.8B takeover by Zijin Mining
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…
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Nevsun rejects $1.5B proposal from Euro Sun and Lundin Mining
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…
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Nevsun completes prefeasibility at Timok
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.…
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MINING PEOPLE: CSA Global, Nevsun, and Revival Gold
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.…
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Nevsun cuts mine life in half at Bisha; extends study timeline for Timok
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…
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MINING PEOPLE: AME, Cameco, EnviroLeach, and Nevsun
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,…
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Nevsun trumps Lundin bid for Reservoir’s Timok
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…
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Nevsun sees bright future at Bisha
It’s a transformative year for Nevsun Resources (TSX: NSU; NYSE-MKT: NSU), as the company and its 40% joint-venture partner, Eritrean National Mining, remain on schedule and under budget to complete a zinc expansion project this May at their Bisha open…
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Eritrean trials and tribulations for Nevsun
Doing business in East Africa comes with its challenges, but Nevsun Resources has a robust outlook for its Bisha mine in Eritrea despite dealing with matters that miners closer to home would never encounter.
