Deals
Vedanta Completes Skorpion Mine Purchase From Anglo
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Vedanta Resources Plc, the metals producer controlled by Indian billionaire Anil Agarwal, completed its acquisition of the Skorpion zinc mine in Namibia from Anglo American Plc.
Vedanta’s Sterlite Industries unit paid about $707 million in cash for the project, the company said today in a statement. The purchase was part of a $1.34 billion deal, agreed on in May, to buy Anglo’s zinc assets, comprising the Skorpion project, the Lisheen mine in Ireland and South Africa’s Black Mountain mines.