Euro Sun Mining has modified its part of the joint proposal with Lundin Mining to acquire Nevsun Resources for C$1.5bn ($1.15bn).

Euro Sun is set to pay C$150m ($115m) in cash and C$150m ($115m) in the form of stock as part of the modified acquisition proposal, while Lundin will pay a total of C$600m ($467.87m) in cash and stock under the agreement.

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The acquisition values Nevsun at C$5 ($3.85) a share.

Lundin previously made several offers to Nevsun, which were rejected.

The company subsequently partnered with Euro Sun to make a new offer for acquisition.

“Fortescue Metals Group has agreed to purchase a 15% stake in Atlas Iron Limited for a sum of A$57.7m ($42.65m).”

Lundin and Euro Sun are expected to share Nevsun’s assets following the completion of the transaction.

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Lundin is slated to acquire the European assets, including the Timok project, while Euro Sun will assume the ownership rights and remaining assets such as the Bisha mine.

The acquisition of the Bisha mine is expected to reduce the risk associated with the development of Euro Sun’s Rovina Valley gold-copper porphyry mine in Romania.

Fortescue Metals Group has agreed to purchase a 15% stake in Atlas Iron Limited for a sum of A$57.7m ($42.65m).

The agreement will see Fortescue Metals purchase 1.3 billion Atlas Iron shares priced at A$0.04 ($0.03) a share.

Fortescue also plans to acquire Atlas Iron via a cash-settled swap involving notional shares.

Both firms involved in the transaction are iron ore companies based in Australia.

PT Aneka Tambang Tbk has signed a share purchase agreement to acquire a 20% share in Japanese chemical company Showa Denko from PT Indonesia Chemical Alumina.

PT Aneka Tambang is a diversified mining and metals company, while PT Indonesia Chemical Alumina is primarily a mining firm.

Both companies are based in Indonesia.

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