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Commentary Topic from greenfaucet

Zinifex, Oxiana: Mining M&A Alive and Well

On Monday morning in Australia the tape was alive with trading in two of Australia's powerhouse miners as Oxiana (OXR AU) and Zinifex (ZFX AU) agreed to a friendly merger creating one of the world's largest diversified mining companies. Together the companies will carry a value of close to $12 Billion serving the Zinc, Lead, Copper, Silver, and Gold markets.