South32 sells noncore royalties for as much as $200m
The royalties refer to agreements where a portion of a miner’s revenue is received after a loan
12 July 2022 - 11:34
Diversified miner South32 says it is set to unlock as much as $200m (R3.4bn) in value through the sale of royalties — something that will also see it pick up a stake in London and Toronto-listed streaming and royalty firm Anglo Pacific.
Royalties refer to agreements where miners give a portion of their future revenue in exchange for a loan, with South32 announcing the sale of four base metals royalties, largely in copper and nickel in Australia, Chile and the US...
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