IN BRIEF: Anglo American to sell two royalties for USD195 million
22nd Jul 2024 10:59
Anglo American PLC - London-based mining company - Agrees to dispose of two royalty assets to Taurus Funds Management for USD195 million. As part of this deal, Taurus will acquire an iron ore royalty owned by De Beers related to the Onslow Iron project in West Pilbara in Australia for up to USD150 million. Taurus will also buy a gold and copper royalty linked to the Caspiche project in northern Chile for up to USD45 million. Expects the sale to close in the fourth quarter this year, pending conditions. Read More