Anglo American plc (“Anglo American”) announces the completion on 15 February 2011 of the sale of its Lisheen zinc mine in Ireland to Vedanta Resources plc (“Vedanta”) for cash proceeds of US$546 million.
15 February 2011
Anglo American plc (“Anglo American”) announces the completion on 15 February 2011 of the sale of its Lisheen zinc mine in Ireland to Vedanta Resources plc (“Vedanta”) for cash proceeds of US$546 million.
Anglo American announced the sale of its Zinc portfolio to Vedanta on 10 May 2010, for a total consideration of US$1,338 million. Due to the regulatory approval and competition clearance processes, separate completion dates were expected for each of the three businesses within the Zinc portfolio, namely Skorpion mine, Lisheen mine and Black Mountain Mining. All three zinc transactions have now been completed.
For further information:
United Kingdom
James Wyatt-Tilby, Media
Relations
Tel: +44 (0)20 7968 8759
Caroline Metcalfe, Investor Relations
Tel: +44 (0)20 7968 2192
Leisha Wemyss, Investor Relations
Tel: +44 (0)20 7968 8607
South Africa
Pranill Ramchander, Media
Relations
Tel: +27 (0)11 638 2592
Anna Mulholland, Investor Relations
Tel: +27 (0)11 373 6683
Kgapu Mphahlele, Investor Relations
Tel: +27 (0)11 373 6239
Notes to Editors:
Anglo American plc is
one of the world’s largest mining companies, is headquartered
in the UK and listed on the London and Johannesburg stock
exchanges. Anglo American’s portfolio of mining businesses
spans precious metals and minerals – in which it is a global
leader in both platinum and diamonds; base metals – copper
and nickel; and bulk commodities – iron ore, metallurgical
coal and thermal coal. Anglo American is committed to the highest
standards of safety and responsibility across all its businesses
and geographies and to making a sustainable difference in the
development of the communities around its operations. The
company’s mining operations and extensive pipeline of growth
projects are located in southern Africa, South America,
Australia, North America and Asia.
www.angloamerican.com