Nevsun Resources and Zijin Mining Group have entered into a definitive agreement pursuant to which Zijin will make a take-over bid to acquire all of the issued and outstanding shares of Nevsun for C$6.00 per share in cash. The Offer is valued at C$1.86 billion (US$1.41 billion).
Major miner, BHP, has analysed the impact of China’s Belt and Road Initiative (BRI), a network of overseas construction projects, on commodity demand.
Chinese top lithium producer, Ganfeng Lithium, falls short of raising its anticipated US$676 million in its Hong Kong initial public offering.
Barrick Gold is stipulating that in the next 10 to 15 years, China has the potential of becoming the largest economy in the world. If it does, it will be the first time in 150 years that a country other than the United States holds the coveted position.