RNO or RNG if you preffer had quite the news today involving Lundun mining. I wont post it all here but the headline, and a lil something from further in upon which maybe we can "speculate"
Lundin Mining Corporation and Rio Narcea Gold Mines, Ltd. Enter Into Definitive Support Agreement in Connection With Cash Take-Over Bid by Lundin Mining for Rio Narcea
10:20 EDT Wednesday, April 04, 2007
Also we find this
Concurrent with the Offer and contingent upon the success of the takeover bid, Red Back Mining Inc. (TSX:RBI) has signed an Option agreement with Lundin Mining to acquire the Tasiast gold mine from Lundin Mining in consideration for US $225 million in cash and assumption of US $42.5 million in debt related to the Tasiast gold mine.
further in among the list of RNG projects...
Strategic Investments
Rio Narcea holds an approximate 20% equity interest in Chariot Resources Limited (TSX:CHD) which has a 70% interest in the Marcona copper project in Peru. Chariot has identified significant copper mineralization at the Mina Justa prospect and has initiated a scoping study on the potential of developing the deposit into an open pit mine with potential for underground expansion.
Now maybe im climbing out on a limb here because i dont yet know all id like to about Lundun mining, or Red back mining
But if Rio narcia didnt have the money to make a takeover bid on chariot, It sure is starting to look like they have found friends.
Im not sure where im going with this, but i hope it leads somewhere Warm and sunny !!!
Am i off My rocker yet?
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