CAPITAL MARKETS

South32 seeks to bolster Arizona stake

SOUTH32 will boost its stake in Toronto-listed Arizona Mining to the maximum allowed under a C$110 million initial investment earlier this year.

Kristie Batten
South32 seeks to bolster Arizona stake

South32 acquired 15% of the zinc explorer in May for 45 million shares at $2.45 per share. Under that deal, a standstill was implemented, prohibiting South32 from acquiring more than 19.9% of Arizona....

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