Windhoek, Namibia — MININGREVIEW.COM — 20 July 2010 – London-listed Vedanta Resources plc “’ India’s largest non-ferrous metals and mining company based on revenues “’ is in talks with South African diversified miner Exxaro about acquiring the Rosh Pinah zinc mine in Namibia.
Reporting this here today, the New Era newspaper said that negotiations had reached an advanced stage, but did not say how much the mine might be sold for.
Earlier this year, Vedanta acquired Anglo American’s zinc interests for US$1.34 billion (R10 billion), including its Namibian Skorpion Zinc operation, the Black Mountain mine, the Gamsberg project in South Africa and Lisheen mine in Ireland.
Vedanta paid US$698 million (R5.2 billion) for Skorpion Zinc, adjacent to the Rosh Pinah mine.
Exxaro owns 50.4% of Rosh Pinah, which produced 94 000 tonnes of zinc concentrate and 20 000 tonnes of lead in 2009, while the balance of the shares are held by Namibian empowerment groups.