Renewed takeover chatter concerning Lundin Mining

Newspaper Daily Telegraph reported of market rumours that BHP Billiton is considering making a bid for Lundin Mining (TSX: LUN, OMX: LUMI). BHP Billiton was to supposedly team up with zinc producer Nyrstar to make up a joint-offer. Lundin Mining investors had hopes of a takeover earlier this year but were burned in that wish. Lundin Mining’s stock price has plunged nearly 40% in a few days but is up 10% today on the rumours and on insider purchases yesterday from chairman Lukas Lundin and CFO Marie Inkster.