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Source: https://www.mining.com/web/exxaro-in-talks-to-sell-stake-in-black-mountain-mining/
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South African coal miner Exxaro said on Friday it was at advanced stage negotiations over the sale of its 24.4% stake in Vedanta Zinc International’s Black Mountain Mining (BMM)operations but had not yet finalised the transaction.
Exxaro, which also has interests mineral sands, iron ore and energy, said the decision was made after a strategic review of its portfolio concluded that zinc mining was not aligned to the it’s long-term objectives.
Original Text (This is the original text for your reference.)
South African coal miner Exxaro said on Friday it was at advanced stage negotiations over the sale of its 24.4% stake in Vedanta Zinc International’s Black Mountain Mining (BMM)operations but had not yet finalised the transaction.
Exxaro, which also has interests mineral sands, iron ore and energy, said the decision was made after a strategic review of its portfolio concluded that zinc mining was not aligned to the it’s long-term objectives.
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