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Jabiru Surges After Agreeing to Independence Takeover
Feb. 12, 2011 09:59AM PST
Base Metals Investing 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.
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.