Vedanta buys Anglos Zinc Mine Assets Dewey amp LeBoeuf advise

UK-based Vedanta Resources, one of India’s largest mining companies, acquired the zinc assets of another UK-based mining and natural resource group, Anglo American PLC. The company paid $1.34 billion (Rs. 6,011 crore) for the assets..This deal gives Vedanta a 11 percent hold on the global zinc industry, affirming its position as the largest zinc producer in the world. Vedanta may be acquiring the assets through its sister concern, Hindustan Zinc. This transaction forms a part of Vedanta’s expansion plan. Reports indicate that Vedanta proposes to acquire mines in Namibia, Ireland and South Africa..Vedanta Chairman, Anil Agarwal told mediapersons, “These high-quality assets complement Vedanta’s existing portfolio, creating the largest zinc and lead producer in the world. We intend to rapidly develop Gamsberg, one of the largest high-quality zinc projects in the world, leveraging our world-class large project development expertise.”.Vedanta was advised by the team from the New York-headquarted Dewey & LeBoeuf. London-based corporate Partners, Camille Abousleiman and Simon Briggs. Partners Peter Crowther and Nicholas Rock advised on Competition Law and Environmental Law respectively.