Equinox mineral deposits Ltd. will create a hostile bid for Lundin Mining preceding for that markets opening Monday morning, Vancouver-based Lundin announced within of a information release on Sunday.

“Lundin is not conscious concerning the conditions concerning the bid. right up until Lundin Mining completes its review concerning the bid, it will not comment concerning the proposal,” the launch stated. “

The Board of Directors of Lundin will update shareholders from time to time following receipt and concern concerning the bid. Shareholders do not need to hold any actions in response for that bid at this time.”

The unsolicited takeover try could thwart the proposed merger among the Lundin 

and Inmet Mining Corp. create neighborhood in January. The CDN$9 billion offer would create a producer new mining company, Symterra Corp.Shareholders are anticipated to vote concerning the proposed merger on March 14.

Equinox is recognized getting a copper miner detailed in each Toronto and Australia.