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Lundin Mining announces expiry of bid for Nevsun Resources

Mining News - Published on Mon, 12 Nov 2018

Image Source: Rakita
Lundin Mining Corporation announced that the Company's previously announced bid for all of the issued and outstanding shares of Nevsun Resources Ltd. expired at 5:00 pm today in accordance with its terms. Lundin Mining will not take-up any securities deposited under the bid and will return such securities to the holders. Lundin Mining continues to pursue strategic growth opportunities. Our portfolio of high-quality long-life, mines enables us to remain disciplined to our investment criteria and rigorous in our allocation of capital to deliver superior shareholder returns. Our financial strength affords us substantial flexibility to respond to external opportunities while advancing high value-add internal projects and unlock exploration potential at each of our mines.

Meanwhile, Lundin Mining is a diversified Canadian base metals mining company with operations in Chile, the United States of America, Portugal and Sweden, primarily producing copper, nickel and zinc.

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Posted By : Rabi Wangkhem on Mon, 12 Nov 2018
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