Bloomberg reported that Equinox Minerals Inc. (PINK:EQNMF) has bid $4.8 Billion for Canadian miner Lundin Mining Corp. (TSE:LUN), exceeding a previous offer by Inmet Mining Corp. (PINK:IEMMF).

Bloomberg reported that Equinox Minerals Inc. (PINK:EQNMF) has bid $4.8 Billion for Canadian miner Lundin Mining Corp. (TSX:LUN), exceeding a previous offer by Inmet Mining Corp. (PINK:IEMMF).

The market news is quoted as saying:

Buying Lundin would give Equinox zinc, copper and lead mines in Sweden and Ireland, as well as a stake in a copper and cobalt venture in the Democratic Republic of Congo.

To read the full market news, click here.

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