Jabiru Surges After Agreeing to Independence Takeover

Bloomberg reported that Jabiru Metals Ltd. (ASX:JML) surged 28 percent in Sydney trading after agreeing to a takeover by Independence Group NL that valued the Australian copper and zinc mining company at A$532 million.

The article states that:

Buying Jabiru will enable nickel producer Independence to expand into copper, zinc and gold, gaining the Jaguar mine in Western Australia and the Stockman project in Victoria state.

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