Australia's South32 bids $1.3b for full control of Canada's Arizona Mining

Australia's South32 bids $1.3b for full control of Canada's Arizona Mining

FILE PHOTO: Trams pass by Melbourne's city skyline in Australia's second-largest city, June 13, 2017. REUTERS/Jason Reed/File Photo

Australia’s South32 Ltd has bid $1.3 billion to take full control of Arizona Mining, offering a hefty premium for the Toronto-listed firm which is developing zinc, lead, manganese and silver assets.

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