Lundin Mining Corp.'s failed C$1.4 billion offer to acquire Nevsun Resources Ltd. expired Nov. 9.
Lundin will return all securities deposited under its hostile takeover bid, which was trumped by Zijin Mining Group Co. Ltd.'s C$1.86 billion offer. The company said in a same-day release that it continues to pursue strategic growth opportunities.
Nevsun in August rejected Lundin's bid as it failed to recognized the value of its assets, which include the Timok copper project in Serbia and the Bisha zinc mine in Eritrea.
In September, Nevsun's board unanimously recommended Zijin's richer offer, with Lundin deciding not to amend its own bid.
