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Anglo Seeing “Strong Interest” In Its Zinc Assets

(Reuters) Global miner Anglo American said it had received “strong interest” in its zinc assets but would not confirm that Vedanta Resources (VED.L) and HudBay Minerals (HBM.TO) were the front-runners to acquire them.

Britain’s Independent on Sunday reported that Indian-focused mining group Vedanta and Canadian miner HudBay were keen on buying Anglo’s zinc assets, which the paper values at around $800 million.

“As we have said, we have had strong interest in our zinc assets but we do not comment on speculation,” an Anglo spokesman said in an email sent to Reuters on Sunday.

Anglo’s chief executive Cynthia Carroll has already made presentations to interested parties, including private equity firms Apollo and First Reserve as well as an unnamed Chinese miner, the Independent on Sunday’s report said.

Vedanta Resources was not immediately available for comment when contacted by Reuters.

(Reporting by Rhys Jones)