[miningmx.com] — ANGLO American has completed the sale of its Skorpion zinc mine to Vedanta Resources.
Vedanta will pay $707m in cash for the Namibia based asset.
The announcement came after Anglo said in May it would sell its zinc portfolio to Vedanta for $1.3bn.
Anglo said the sale of its two other zinc assets – Lisheen mine and Black Mountain Mining – to Vedanta would be completed at a later stage.
The transactions have been processed seperately due to competition clearance issues.
