Exxaro in talks to promote stake in Vedanta Zinc’s Black Mountain Mining

South African coal miner Exxaro mentioned on Friday it was at superior stage negotiations over the sale of its 24.four% stake in Vedanta Zinc Worldwide’s Black Mountain Mining (BMM)operations however had not but finalised the transaction.

Exxaro, which additionally has pursuits mineral sands, iron ore and power, mentioned the choice was made after a strategic assessment of its portfolio concluded that zinc mining was not aligned to the it’s long-term targets.

The miner mentioned it will replace the market of the sale of the stake in BMM mine within the Northern Cape province when the transaction was concluded.

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