Vedanta enters term sheet agreement to divest Mt Lyell copper mine in Australia1 min read 27 Oct 2021, 09:51 PM IST
After an internal strategic review, it was decided last year to divest the copper mine, run a global sale process to bring in a capable operator and potential owner to evaluate and eventually restart operations at Mt Lyell
Vedanta Ltd has announced that its arm Monte Cello BV (MCBV) has entered into a term-sheet agreement to divest Mt Lyell Copper Mine in Australia. The Indian private miner made the decision to offload stake in the mine last year after a strategic review.
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