Vedanta Completes Skorpion Mine Purchase From Anglo

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

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