Zinc At Its High for Anglo American

Anglo American, Transnational miner, has priced Zinc at USD 1.338bn sale to London-listed Vedanta. Vedanta is one of the world’s more admired, and cash flush, mid-tier miners.

The news added the information:

In line with the vast majority of miners, Anglo American experienced severe margin compression as commodity prices collapsed in mid-2008 (but then, happily, recovered across 2009). Phase I at Minas Rio First proposes first production in 2012, with full ramp-up to 26.5m tonnes a year of iron ore in 2013; there is potential to expand production to 80m tonnes a year. Anglo American also holds 63% of Johannesburg-listed Kumba Iron Ore, a substantial player in seaborne iron ore, and 70% of the Amapa mine/project in Brazil.