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Wednesday, November 16, 2011

China Shandong Gold offers $1bn to buy Jaguar Mining – sources

China Shandong Gold offers $1bn to buy Jaguar Mining – sources: China's Shandong Gold Group, the parent of Shandong Gold Mining and a big gold producer, has made a $1-billion offer to fully acquire Brazil's Jaguar Mining , two sources familiar with the matter told Reuters on Wednesday.

The offer from Shandong Gold was $9.3 per share for Jaguar, or 73% higher than the last trading price of Jaguar Mining of $5.39 per share in New York.

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