The Globe and Mail reports in its Tuesday, Feb. 3, edition that Eldorado Gold is buying Foran Mining for $3.8-billion, adding the McIlvenna Bay copper and zinc development in Saskatchewan to its portfolio of gold assets. The Globe's Tim Kiladze writes that Eldorado, like many miners, is seeking copper due to its anticipated high demand. Recently, McIlvenna Bay was referred to Canada's Major Projects Office, an initiative by Prime Minister Mark Carney to expedite regulatory approvals for significant investments in energy, mining and infrastructure that are considered in the national interest. McIlvenna Bay, however, is already permitted and construction was 85 per cent complete as of the end of December, which speaks to the skepticism some critics have voiced about the MPO's role with some of its early projects. By acquiring McIlvenna Bay, Eldorado is hoping investors will like that it is not only adding copper, which will comprise 15 per cent of the combined company's revenue, but also growing with a young mine that will be in production for years. Under the deal terms, Foran shareholders will receive 0.1128 common shares of Eldorado and one cent in cash for each of their Foran shares.