IN BRIEF: Anglo American to sell two royalties for USD195 million

Anglo American PLC - London-based mining company - Agrees to dispose of two royalty assets to ...

Alliance News 22 July, 2024 | 9:59AM
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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.

Current London stock price: 2,247.50 pence, up 0.1% on Monday morning

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By Artwell Dlamini, Alliance News reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Anglo American PLC 2,234.00 GBX -0.53

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