IN BRIEF: Anglo American to combine nuGen with investee First Mode
Anglo American PLC - London-based miner - Signs a binding agreement with specialist engineering technology company First Mode Holding Inc to combine its nuGen Zero Emissions Haulage Solution with First Mode. The company partnered with Anglo American to develop the nuGen. Plans to accelerate the development and commercialisation of nuGen within the agreement. Invests USD200 million in the combined business to help fund the ongoing development of the product. Already holds a 10% strategic equity interest in First Mode since 2021. Read More