Norilsk Nickel To Bid For Vietnam Miner

Bloomberg reported Norilsk Nickel (LSE:MNOD) is expected to make a bid for Vladimir Iorich’s Asian Mineral Resources Ltd. (TSXV:ASN) to gain access to a nickel-copper project in Vietnam.

As quoted in the market news:

Norilsk will offer С$0.11 ($0.11) a share for the Toronto- based company, it said yesterday in a statement. The bid, to be submitted June 4, represents a premium of about 69 percent over the 20-day average price through May 22 and will be open for at least 35 days, it said.

Click here to read the full Bloomberg report.

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