Vedanta Buys Anglo American Lead and Zinc Mine

Vedanta Resources Plc (VED.L) has confirmed the aquisition of Anglo American Plc’s (AAL.L) zinc assets, making it the world’s largest zinc and lead producer. The done deal is worth $1.34 billion

Anil Agarwal, chairman of Vedanta is quoted saying:

“These high-quality assets complement Vedanta’s existing portfolio, creating the largest zinc and lead producer in the world.  We intend to rapidly develop Gamsberg, one of the largest high-quality zinc projects in the world, leveraging our world-class large project development expertise.”

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