Zijin Mining Group Co. agreed to buy Nevsun Resources Ltd. for $1.41 billion to add copper assets in Serbia and Eritrea and enable the Canadian firm to ward off a hostile bid from rival Lundin Mining Corp.
Zijin, a Chinese gold and base metals producer, will pay C$6 per share in cash, trumping Lundin’s C$4.75 a share bid launched in July, the companies said Wednesday. Nevsun rejected repeated overtures from Lundin this year, saying that its offers undervalued the company and its assets.
Zijin Mining Group Co. agreed to buy Nevsun Resources Ltd. for...
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