Exxaro’s Black Mountain exit not quite ready
Exxaro is still not there with its exit from Vedanta’s Black Mountain zinc assets in SA as sale to IDC drags on
09 October 2020 - 18:33
Exxaro Resources has yet to finalise a deal to sell its nearly one-quarter stake in Vedanta Resources’ Black Mountain Mining, despite talks being at an advanced stage, the diversified miner said on Friday.
Exxaro is selling its 24.4% stake in Black Mountain, which is a zinc asset in India’s large resources group, to the Industrial Development Corporation (IDC), according to an invite that was issued and then postponed during the week...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.