M&A

South32 offloads royalty portfolio

SOUTH32 has agreed to sell a portfolio of base metal royalties to London-listed Anglo Pacific Group in a deal worth up to US$200 million.

One of the royalties being sold is over OZ Minerals' West Musgrave project

One of the royalties being sold is over OZ Minerals' West Musgrave project

Anglo Pacific will pay $185 million in up-front consideration, comprising $103 million in cash and $82 million in shares, as well as contingent payments of up to $15 million. The deal, which is expected...

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