Nevsun Resources Ltd. (T.NSU) reached a 52-week high of $5.97 Tuesday. Nevsun has been advised by Zijin Mining Group Co. Ltd. that Zijin has completed the Chinese State Administration of Foreign Exchange (SAFE) registration and received the Canadian Investment Canada Act approval for Zijin's proposed friendly takeover bid of Nevsun. The SAFE registration is the final Chinese regulatory condition and ICA is the final Canadian regulatory condition to the Offer. Both conditions have now been met.
