Anglo American (GB:AAL) has released an update.
Anglo American PLC has announced the sale of two royalty assets to Taurus Funds Management for a total consideration of up to $195 million, which includes an iron ore royalty in Australia and a gold and copper royalty in Chile. The deal, pending customary closing conditions, is expected to finalize in Q4 2024 and consists of $150 million in upfront cash plus up to $45 million in deferred cash contingent on certain conditions.
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