SYDNEY: Australian miner Oxiana Ltd offered to buy Zinifex Ltd in an A$11.5bil (US$10.7bil) agreed deal yesterday as they look to diversify to catch a bigger share of surging global minerals demand.
A tie-up of the two miners would create a diversified mining company with operations in Australia and Asia, which would rank as the world’s No. 2 zinc miner and which would have sizeable production of copper, lead, gold and silver.
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