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Norilsk emerges with superior LionOre bid

RUSSIAN mining giant Norilsk Nickel has swooped with a $C5.3 billion ($A5.8 billion) bid for Canada's LionOre Mining International, trumping the existing offer from Zug-based Xstrata.

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Norilsk emerges with superior LionOre bid

Norilsk announced today it would offer $C21.50 cash for each share in LionOre, eclipsing the $C18.50 a share being offered by Xstrata. LionOre management had previously recommended the Xstrata offer. ...

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