Anglo American buying into First Mode

GLOBAL heavy industry-focused carbon reduction company First Mode has signed an agreement to combine with Anglo American’s Nugen zero emission haulage solution.

Anglo American buying into First Mode Anglo American buying into First Mode Anglo American buying into First Mode Anglo American buying into First Mode Anglo American buying into First Mode

Anglo American Nugen Truck

The transaction, which values the combined business at about US$1.5 (A$2.2) billion, is expected to close in January and includes a $200 million equity injection from Anglo American.