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wholesale nba jerseys cheap nba Jerseys china Lundin Mining Corp said on Monday it would acquire a Brazilian gold copper mine of Yamana Gold Inc for more than US$1 billion, helping to boost its base metals production after a failed acquisition attempt last year.The Chapada mine, located about 270 kilometres northwest of the nation capital of Brasilia, began operating in 2007 and is expected to produce about 54,500 tonnes of copper and 100,000 ounces of gold in 2019.The deal would increase Lundin previous copper production outlook for 2019 by 26 per cent, the company said in a statement. Copper accounted for 64 per cent of sales and gold for only 4 per cent in 2018, according to the company website.Vancouver based Goldcorp swallowed up in deal to create world largest gold minerWhy Canada’s diamond miners are in troubleCanadian copper producers on a tear as metal rallies againToronto based Lundin resumed its search for copper assets after it lost a hostile takeover battle for rival Nevsun Resources to China Zijin Mining Group Co Ltd in September.Chief Executive Officer Marie Inkster told Reuters last year the company was on the hunt for copper mines and projects, and was willing to spend up to US$3 billion.Lundin shares jumped as much as 8.5 per cent to their highest since July before easing to $7.22, up 5.7 per cent in Toronto. Yamana shares lost 4.1 per cent to $3.28 in Toronto, compared with the S Global Gold Index 0.3 per cent decline.believe the acquisition of the Chapada Copper Mine in Brazil makes sense for Lundin as it gives them a producing, long life copper gold mine with growth potential, and the price paid appears good, Sam Crittenden, an analyst at RBC Capital Markets, wrote in a note.The government of new Brazilian President Jair Bolsonaro, who was elected on promises to roll back environmental and other regulations, said last month it is preparing an overhaul of Brazil mining regulations, including opening up indigenous reserves to mining.The Brazilian government also said last week the country could open a vast reserve in the Amazon rainforest to mining.Lundin said the deal would immediately add to earnings and operating cash flow per share.Yamana will receive US$800 million in cash, and contingent payments totalling about US$225 million, the companies said.Lundin, which primarily mines copper, nickel and zinc in Chile, the United States, Portugal and Sweden, would fund the purchase from its current cash balance and a part of its US$550 million revolving credit facility.The deal is subject to regulatory approval and is expected to close in the third quarter.Thomson Reuters 2019Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. cheap nba Jerseys china
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