M&A Deal Summary

Zijin Mining Acquires Nevsun Resources

On January 7, 2019, Zijin Mining acquired metals/mining company Nevsun Resources

Acquisition Highlights
  • This is Zijin Mining’s 1st transaction in the Metals/Mining sector.
  • This is Zijin Mining’s 1st transaction in Canada.
  • This is Zijin Mining’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2019-01-07
Target Nevsun Resources
Sector Metals/Mining
Buyer(s) Zijin Mining
Deal Type Add-on Acquisition

Target

Nevsun Resources

Vancouver, British Columbia, Canada
Nevsun Resources Ltd. is a 1000% owner of the high-grade copper-gold Timok Upper Zone and 60.4% owner of the Timok Lower Zone in Serbia.

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Buyer(S) 1

Buyer

Zijin Mining

Fujian, China
Category Company
Founded 1986
Sector Metals/Mining
Employees55,239
Revenue 293.4B CNY (2023)
DESCRIPTION

Zijin Mining is a global mining company specializing in gold, copper, zinc and other mineral resource exploration and development. It manages an extensive portfolio, primarily consisting of gold, copper, zinc, and other metals through investments in China and overseas across nine countries. Zijin Mining was founded in 1996 and is based in Fujian, China.

DEAL STATS #
Overall 1 of 3
Sector (Metals/Mining) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-08 Tibet Julong Copper

Tibet, China

Tibet Julong Copper Co., Ltd. is an operator of the Qulong mine, one of China's biggest copper deposits, and the Zhibula mine. It mainly engages in prospecting, development, construction, production, and sales of the Qulong Copper and Polymetallic Mine in Maizhokunggar County, Lhasa City, Tibet. The mine is notable for many reasons not least that the mining takes place at 5,300 m plus, bringing major challenges for the workers and the equipment.

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