Nevsun Reservoir deal shows M&A appetite for quality mines – execs

April 25, 2016

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A tussle for control of a promising copper project in Serbia shows there is appetite for high quality mining assets in stable countries and may be a harbinger of further industry mergers and acquisitions, executives involved in the deal said on Monday. Nevsun Resources Ltd said on Sunday it had agreed to buy fellow Canadian mining company Reservoir Minerals for $365-million, getting its hands on the large, high-grade Timok copper-gold project in eastern Serbia.

Category: General