23
Jul
02:15
Anglo American sells Onslow iron ore royalties
United Kingdom-listed miner Anglo American is selling an iron ore royalty asset in Australia to Australian fund manager Taurus Funds Management (Taurus), Kallanish notes.
Anglo American says in a statement that it has entered into definitive agreements to sell two royalties to Taurus for a total of up to $195 million in cash.
This includes an iron ore royalty owned by De Beers related to the Onslow iron project in West Pilbara in Australia.
Taurus will a…
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