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South32 buys stake in Canada’s Arizona Mining for $81 million

Cecilia Jamasmie | May 02, 2017 | 4:07 am Base Metals Energy Precious Metals Top Companies Australia Europe Latin America Aluminum Coal Silver Zinc 

Australia’s South32 (ASX, LON, JSE:S32) is investing some of its $1.5 billion of cash in a minority stake in Canada-listed Arizona Mining (TSX:AZ), which plans to develop a zinc-lead-silver project in Arizona. Deal comes only two weeks after South32 walked away...

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