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Japan's Toho Zinc Raises Bid for CBH Stake
SYDNEY, Mar. 16 -- Japan's Toho Zinc (5707.T: Quote) has raised its bid for a stake in Australian-listed zinc miner CBH Resources (CBH.AX: Quote) to knock out a rival offer from Belgian metals group Nyrstar (NYR.BR: Quote), CBH said on Tuesday.
CBH said Toho was now offering 25 cents a share for a maximum 49.9 percent of the company, which is set to more than double its annual output to 59,000 tonnes of zinc metal and 30,000 tonnes of lead from its main Endeavor mine in central Australia this year.
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