Anglo sells gold, iron-ore royalties to Australian fund manager
Diversified miner Anglo American has signed a definitive agreement to sell two royalties to Taurus Funds Management for up to $195-million in cash.
The transaction comprises an upfront cash payment of $150-million and up to $45-milion in a deferred cash consideration that is subject to certain conditions.
The royalties involve iron-ore from the Onslow project, in Australia, in which Taurus will acquire a subsidiary company of De Beers that owns the royalty for $125-million and up to $25-million in deferred cash; as well as a gold and copper royalty related to the Caspiche project, in Chile, for an upfront cash consideration of $25-million and up to $20-million in deferred cash.
Anglo expects the deal to close during the last quarter of the year.
Taurus is a business management consultancy based in Australia. It provides project and acquisition finance debt to emerging mining and metals companies. The company has investments in both public and private resource companies globally.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation