Peru’s Norsemont Attracts Suitors

Norsemont Mining says it has received unsolicited offers from suitors interested in acquiring the company. The Canadian miner, which operates the Constancia project in southern Peru, has hired Fraser Milner Casgrain as legal counsel and is in search of a financial advisor to evaluate expressions of interest. No formal bids have been received yet, says the company. Norsemont Mining, which trades on the Toronto Stock Exchange and the Peruvian bolsa, has a market cap of CAD94m. Shares were down almost 5% November 24.