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    market news

    Vedanta Completes Skorpion Mine Purchase From Anglo

    Investing News Network
    Dec. 03, 2010 10:57AM PST
    Base Metals Investing

    Bloomberg.com reports that Vedanta Resources (LON:VED) has purchased Skorpion Mine from Anglo American Plc.

    Bloomberg.com reports that Vedanta Resources (LON:VED) has purchased Skorpion Mine from Anglo American Plc.

    The story is quoted as saying:

    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

    To access the full story, click here.

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