First Mode, Anglo American Close $1.5B Deal for Zero-Emission Mining

First Mode closed a $1.5B deal with Anglo American, a global mining company, remaking First Mode as a clean-energy company for heavy industry — and shifting its headquarters to London. 

The partnership, which was announced last year, combines First Mode’s engineering operation with Anglo American’s recent nuGen priority to develop and deploy a zero-emission system for its mining operations, particularly for hauling ore.