Vedanta to buy Anglo American zinc assets

Vedanta Resources PLC said Monday it has acquired the zinc assets of Anglo American PLC, creating the world’s largest zinc and lead producer.

The deal, valued at $1.34 billion, follows Anglo’s announcement in October that it would focus on its portfolio of large-scale, long-life mining assets in commodities, such as copper, iron ore and coal, where it holds advantaged positions.

[Wall Street Journal]