[miningmx.com] – EXXARO Resources is to exit the Gamsberg zinc project in which it is a 26% shareholder in 2016, said Bloomberg News citing the Johannesburg listed diversified miner.
Vedanta Resources, the UK-listed mining firm, said on November 13 that it would spend R8.7bn building Gamsberg in South Africa’s Northern Cape province. Exxaro represents Vedanta’s black economic empowerment partner.
“Exxaro divested from its zinc portfolio over the past two years,’ Exxaro spokesman Hilton Atkinson told the newswire.
He was referring to the sale of the Rosh Pinah mine in Namibia and the closing of its Zincor refinery in South Africa. “Our ultimate strategy is still to exit from zinc’ completely, he said.
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