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AAL Anglo American Plc

2,661.50
27.00 (1.02%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo American Plc LSE:AAL London Ordinary Share GB00B1XZS820 ORD USD0.54945
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  27.00 1.02% 2,661.50 2,652.00 2,652.50 2,658.50 2,583.50 2,644.50 3,641,295 16:35:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 30.84B 283M 0.2116 125.33 35.47B

Anglo American to Combine Zero-Emissions Haulage Solution With First Mode, Invest $200 Million

07/12/2022 3:45pm

Dow Jones News


Anglo American (LSE:AAL)
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By Kyle Morris

 

Anglo American PLC said Wednesday that it has agreed to combine its nuGen zero-emissions haulage solution with First Mode Holding Inc., investing $200 million in the combined business.

The multinational mining company said the deal values the business at around $1.5 billion and will result in Anglo American owning a majority shareholding in First Mode.

Upon completion, expected in January, Anglo American will enter a supply agreement with First Mode to decarbonize its global fleet of ultra-class mine haul trucks.

First Mode, a specialist engineering technology company, partnered with Anglo American to develop the haulage solution.

 

Write to Kyle Morris at kyle.morris@dowjones.com

 

(END) Dow Jones Newswires

December 07, 2022 10:30 ET (15:30 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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