HomeBase MetalsStrong interest in Anglo's zinc assets

Strong interest in Anglo’s zinc assets

Vedanta “’ interested
in buying Anglo’s
zinc assets
London, England — MININGREVIEW.COM — 08 March 2010 – Mining giant Anglo American plc “’ one of the world’s largest diversified mining and natural resource groups “’ says it has received "strong interest" in its zinc assets, but would not confirm that Vedanta Resources and HudBay Minerals were the front-runners to acquire them.

Britain’s Independent on Sunday reports that Indian-focused mining group Vedanta and Canadian miner HudBay are keen on buying Anglo’s zinc assets, which the paper values at around US$800 million (R6 billion).

“As we have said, we have had strong interest in our zinc assets, but we do not comment on speculation,” an Anglo spokesman said in an email sent to Reuters..

Anglo chief executive Cynthia Carroll has already made presentations to interested parties, including private equity firms Apollo and First Reserve, as well as an unnamed Chinese miner, the Independent on Sunday’s report added.

Vedanta Resources was not immediately available for comment when contacted by Reuters.