Anglo American chief executive Cynthia Carroll. Anglo American chief executive Cynthia Carroll.
Anglo American has completed the sale of its Lisheen zinc mine in Ireland to Vedanta Resources for cash proceeds of US$546 million.
Anglo announced the sale of its zinc portfolio to Vedanta in May 2010 for a total consideration of US$1.338 billion. Due to the regulatory approval and competition clearance processes, separate completion dates were expected for each of the three businesses within the zinc portfolio, namely Skorpion mine, Lisheen mine and Black Mountain Mining.
All three zinc transactions had been completed, the company said on Wednesday. - I-Net Bridge