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BARRY FITZGERALD
South32 lands slippery fish, but at a cost
SOUTH32 is set to land what has proved to have been one slippery fish – Vancouver’s Arizona Mining, owner of the first rate Hermosa zinc-lead-silver project in the foothills of Arizona’s Patagonia mountains, some 13kms from the Mexican border, writes <b>Barry FitzGerald</b>.
South32 CEO Graham Kerr
But it has had to pay up big, forcing the 2015 BHP spin-off to mount a defence against suggestions that emboldened by its building cash on hand position of US$2.8 billion, it is paying too much for Hermosa....
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