Anglo sells Lisheen zinc mine in Ireland for $546m

Mining major Anglo American (Anglo) has completed the sale of its three zinc operations to London-listed Vedanta Resources, the group said on Wednesday. The global diversified miner announced the sale of its Irish Lisheen mine, South African...

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...

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...

South African company wins R60m civils contract at Langer Heinrich in Namibia

South African construction firm Murray & Roberts Construction has been contracted to complete a R60-million civils-work contract on the Langer Heinrich uranium-mine, in Namibia.

SA firm wins civil contract at Namibian uranium mine

South African construction firm Murray & Roberts Construction has been contracted to complete a R60-million civil work contract on the Langer Heinrich Uranium Mine in Namibia.

Group's project pipeline still strong

Mining and natural-resources group Anglo American currently has 25 growth projects, valued at $4,7-billion, in its approved project pipeline, in addition to 15 unapproved projects worth $8-billion, says CE Tony Trahar.

Zinc price shows signs of recovery

The zinc price, which has risen to $810/t from $770/t at the beginning of the year, is forecast to top the $900/t mark early in the new year, but it is unlikely that the firming price will prompt immediate approval of projects which are currently...

Negative outlook for zinc prices continues

World zinc prices, which during the last year fell to their lowest level in real terms since the Great Depression, are forcing miners to drive down their production costs – and, the outlook remains bleak.