Copper Miner SolGold Says It’s Rejected a Chinese Takeover Bid

Mining company SolGold Plc, which is seeking to develop a copper mine in Ecuador, said it’s rejected a second takeover offer from China’s Jiangxi Copper Co.

SolGold received the latest offer of 26 pence per share on Friday, and said it also rejected an earlier bid last Sunday. SolGold shares jumped as much as 17% to 30.65 pence, after surging almost 30% in the preceding four sessions.