Anglo American completes sale of Lisheen zinc mine to Vedanta
15 February, 2011
Anglo American plc (“Anglo American”) announces the completion on 15 February 2011 of the sale of its Lisheen zinc mine in Ireland to Vedanta Resources plc (“Vedanta”) for cash proceeds of US$546 million.
Anglo American announced the sale of its Zinc portfolio to Vedanta on 10 May 2010, for a total consideration of US$1,338 million. 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 have now been completed.