Exxaro to Take Zinc Impairment Charge of 500 Million Rand

Bloomberg reports that Exxaro Resources Ltd.(JNB:EXXP) will take an impairment charge of about 500 million rand ($74.5 million) on the closure of its Zincor plant.

The market news is quoted as saying:

Other holdings include a 26 percent stake in Black Mountain (Pty) Ltd., a zinc and lead miner that’s majority-owned by Vedanta Resources Plc.

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