South32 don't mind spending money. They seem to have an appetite...

South32 don't mind spending money. They seem to have an appetite for silver/zinc/lead, i know where they might be able to get some more.
Take care not advice
Mule


(Reuters) - 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.

The offer of C$6.20 per share was pitched at a 50 percent premium to Arizona's last close and implies a total equity value for Arizona Mining of $1.6 billion, South32 said in a statement. The Australian firm already holds a 17 percent stake in Arizona.

The directors of Arizona Mining, which owns the Hermosa Project in Arizona near the border with Mexico, unanimously recommended that shareholders vote in favor of the transaction, South32 said.

Mule