China’s Zijin Mining Group to Acquire Nevsun Resources for C$1.86 Billion

BY TESFANEWS * China’s Zijin Mining Group Co is set to acquire Canadian gold and copper miner Nevsun Resources Ltd for about C$1.86 billion ($1.41 billion), trumping multiple bids from rival Lundin Mining Corp. In a statement on Wednesday, Nevsun said it has cut a friendly deal with Zijin Mining for C$6 a share in […]

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Sunridge Gold Sold its 60% Share in Eritrea Mine to China

By Sunridge Gold, Sunridge Gold (SGC: TSX.V/SGCNF: OTCQX) has struck a US$65 million cash deal to sell its 60% interest in the Asmara Mining Share Company (AMSC), holder of the Asmara Project in Eritrea, to state-owned Sichuan Road & Bridge Mining Investment Development Corp. Ltd. (SRBM) for an upfront purchase price of US$65 million cash.

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