Mining News

Anglo enters deal to accelerate rollout of nuGen zero emissions haulage solution

Diversified miner Anglo American is in exclusive negotiations with specialist engineering technology company First Mode Holding and has agreed nonbinding terms to establish a combined business to accelerate the rollout of Anglo’s nuGen hydrogen-powered Zero Emissions Haulage Solution (ZEHS). The transaction with First Mode, which had partnered with Anglo and other companies to develop the nuGen ZEHS, will include a capital investment by Anglo in the combined business and is intended to accelerate the development and commercialisation of the nuGen ZEHS.

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