Global Wrap: Lundin, Newmont and more

IN Global Wrap: Lundin goes for Nevsun; Newmont completes expansion; Vale results; Sibanye-Stillwater in streaming deal; and Amplats invests in tech.

Global Wrap: Lundin, Newmont and more Global Wrap: Lundin, Newmont and more Global Wrap: Lundin, Newmont and more Global Wrap: Lundin, Newmont and more Global Wrap: Lundin, Newmont and more

Lundin Mining will formally made a C$1.4 billion hostile takeover bid for Nevsun Resources, without original partner Euro Sun Mining.

The C$4.75 per share offer represents an 82% premium to Nevsun's closing price on February 6, the date of Lundin's first offer to acquire the Timok project in Serbia, and a 33% premium to the closing price on April 30, the date Lundin made a prior takeover proposal.

"Following our attempts to constructively engage Nevsun since early February 2018, after having made a series of proposals and observing significant recent changes in the political landscape related to Eritrea, we have determined that the best course now is to make an all cash offer directly to Nevsun shareholders," Lundin p...

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