Anglo American PLC - London-based mining company - Agrees to dispose of two royalty assets to Taurus Funds Management for $195 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 $150 million. Taurus will also buy a gold and copper royalty linked to the Caspiche project in northern Chile for up to $45 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

12-month change: down 6.0%

Current Johannesburg stock price: R 529.07, down 0.2%

12-month change: down 2.9%

Copyright 2024 Alliance News Ltd. All Rights Reserved.