Skip to main content

South32 closes strategic investment in Arizona Mining

Published by
World Coal,


South32 Limited has announced that its subscription for 45 000 000 common shares in Arizona Mining Inc. (TSX: AZ) (Arizona Mining) at C$2.45 per share for a total investment of C$110.3 million has closed.

South32 now owns approximately 15% of the shares in Arizona Mining on a non-diluted, post subscription basis.

The Placement proceeds will be used to advance the Hermosa Project, in particular the Taylor Deposit to the feasibility and permitting stage.

Read the article online at: https://www.worldcoal.com/mining/19052017/south32-closes-strategic-investment-in-arizona-mining/

You might also like

 

EIA: US fossil fuel production expected to increase through 2022

The Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.

 
 

Embed article link: (copy the HTML code below):