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2022

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

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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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