30 January 2025
30 January 2025
The transaction terms have seen Anglo American receive A$1.4bn ($871.78m), on top of the A$228m previously received, resulting in total cash proceeds of A$1.6bn.
The new agreement, along with prior deals, secures the sale of at least 2.3mlb, and potentially up to 2.6mlb, of uranium from the Kayelekera Uranium Project.
The investment recognises the vital role of critical minerals in high-tech industries, clean energy and defence.
The iE-series drill rigs are built on the same modular platform as Sandvik's diesel-powered rotary rigs.
This agreement ensures SeAH will purchase 100% of the molybdenum material produced at the Sangdong mine.
After payments to funders and legal costs, the settlement will net around C$20.58m ($14.46m).
The facility is scheduled to be operational by late 2025 to produce battery-grade lithium.
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