Sunday, December 5, 2010

India Sterlite Industries buys zinc mine in Namibia

India Sterlite Industries buys zinc mine in Namibia ; India's Sterlite Industries has acquired a zinc mine in Namibia from Anglo American Plc for a cash consideration of about $707 million, the Indian firm said in a statement.

The statement identified the facility as the Skorpion Zinc Mine and said it had been acquired by a unit of Sterlite. Sterlite is a unit of London-listed Vedanta Resources . (Reporting by Aniruddha Basu, Editing by Ron Popeski)
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