Zijin Mining to acquire Nevsun Resources for $1.3bn.

Zijin Mining, a global mining company specializing in gold, copper, zinc and other mineral resource exploration and development, agreed to acquire Nevsun Resources, a Canadian, diversified mid-tier miner with a portfolio of base metal assets for $1.3bn with a share premium of 57%. Financial terms were not disclosed. "We are very pleased to have acquired Nevsun and will continue with the company's strong focus on safe, efficient and sustainable mining practices. Zijin has significant expertise in mining construction, operations and management, and strong innovation capabilities," Chen Jinghe, Zijin Chairman.