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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.

Noel Dyson
The Nugen truck at Mogalakwena.

The Nugen truck at Mogalakwena.

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. It will make Anglo...

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