Sterlite buys Anglo’s SA zinc assets for $348m, Lisheen deal soon

Indian metals and mining company Sterlite Industries has confirmed the completion a $348-million acquisition for a 74% interest in the South African zinc producer Black Mountain Mining from Anglo American. NYSE-listed Sterlite, which is part of...

Vedanta eyes Exxaro's Namibia zinc operation – paper

London-listed Vedanta is in talks with South African diversified miner Exxaro about acquiring the Rosh Pinah zinc mine in Namibia, the New Era newspaper said on Tuesday. The paper said negotiations had reached an advanced stage but did not say...

Anglo sells zinc assets to Vedanta for $1,3bn

Global mining giant Anglo American would sell its portfolio of zinc assets to London-listed diversified miner Vedanta Resources for $1,34-billion. Anglo American's zinc portfolio comprises of the Skorpion mine in Namibia, the Lisheen mine in...

Chinese mining majors reportedly eyeing noncore Anglo assets

China’s largest iron and steel trader, China Minmetals Corporation, which is also a major mining group, was last week reported by China Daily to be interested in buying the zinc assets of Anglo American plc. Another journal, the Chinese-language...

Anglo to sell Scaw, restructures management

Diversified mining company Anglo American will sell noncore assets, including Scaw Metals, to focus on its core mining activities, the group announced on Thursday, when it also revealed a management reorganisation, which will see three executives...

Lisheen Mine, Ireland

Name: Lisheen Mine. Location: The mine is located about 12 km north-east of Thurles, in County Tipperary, central Ireland. Brief description: The mine has been developed at a capital cost of $280-million. Brief history: Construction of the mine...

African projects aplenty for UK shaftsinker

Wholly-owned by AMCO Investments, a UK-based company, Shaft Sinkers is thought to be Africa’s most experienced international contractor in shaft sinking, mining contracting, construction, large underground excavations and tunnelling, MD Peet...

Playing 500 000 t zinc hand

The big zinc ambitions of resources giant Anglo American are beginning to come together – plans which could position the group at number three in the world, with 10% of the market within five years.