International news within the industry of mining and metal, Jan, 23 2019
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Chinese group invests in Canadian copper-gold miner

Photo: Nevsun Resources
Photo: Nevsun Resources
Published by
Simon Matthis - 06 Sep 2018

Foreign acquisition China’s Zijin Mining has signed an agreement to take over Canada’s Nevsun Resources under an offer valued at some C$1.86 billion (US$1.41 billion).

"This premium transaction is an excellent outcome for our sharehold-ers, and the result of a rigorous and competitive global process to generate maximum value for Nevsun's outstanding assets," Ian Pearce, the chair of Nevsun's Board of Directors, said in a statement.

Nevsun Resources says its activities include production from the Bisha copper-zinc mine in Eritrea, and the high-grade world class Timok copper-gold project in Serbia. Nevsun also has properties in Eritrea, Serbia and Macedonia.

Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company
Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company

The world's first mining-related railway network for autonomous trains was opened

"improves productivity"

The mining company Rio Tinto's AutoHaul ™ program, which is expected to cost $ 940 million, is...