Kerr Mines Inc (KER)

[goldenpolarbear]

« ...Despite the recent fall in copper prices, however, long-term demand is expected to remain strong driven by, for example, infrastructure projects especially in developing Asia and wider adoption of electric cars.

Chen Jinghe, chairman of Zijin, said in a statement that as the new owner of Nevsun, Zijin would continue to advance ongoing projects.

“At the Timok Project in Serbia we intend to rapidly develop the Upper Zone and bring it into production, and continue to advance and define the world-class potential of the Lower Zone," Chen Jinghe, chairman of Zijin, said.

As part of the deal with Nevsun, Zijin Mining Group will also take over assets in Eritrea. Nevsun has significant exploration areas licensed in Macedonia, but last year citizens of the southern Macedonian town of Gevgelija resoundingly voted 'no' in a referendum on whether to allow Nevsun’s Reservoir Minerals to open two gold mines in the area.

Formed in 1993, Zijin is based in Fujian, China and is a leading global mining company specialising 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 nine other countries.

http://www.intellinews.com/zijin-taps-deeper-into-serbian-copper-sector-with-1-2bn-nevsun-takeover-148011/

Might an acquisition be in the cards for Kerr Mines?

https://kerrmines.com

https://www.streetwisereports.com/article/2018/07/19/gold-miner-signs-letter-to-fund-copperstone-gold-development-and-production.html