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

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 from a $200 million planned acquisition of Peabody Energy’s coal mine in New South Wales. As part of[…]

South32 looking for more coking coal mines

South32 (ASX, LON, JSE:S32), the Australian miner spun off from BHP Billiton last year, it’s interested in acquiring more coal mines producing the steelmaking kind, following its recent acquisition of Peabody Energy’s Metropolitan coal mine. The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate[…]

South32 scoops up Peabody's Metropolitan coal mine in $200m deal

South32 (ASX, LON, JSE:S32) has finally scored a deal by grabbing Peabody Energy’s Metropolitan coal mine in Australia for $200 million. The BHP Billiton’s spin-off, which had been looking for assets to add to its portfolio for quite a while, mainly lithium and copper ones, said the deal includes a 17% interest in the Port Kembla[…]