Ruminant Biotech, a New Zealand-based tech business looking to reduce methane emissions from pasture-based livestock, has raised around $9.5m in a Series A fundraising.
Australian miner BHP Group has said that it is no longer considering a combination of the two mining giants and will instead focus on organic growth. Anglo American is in the process of a merger of equals with Teck Resources.
It is the group's largest public IABS issuance to date and its first in the Rule 144A/Reg S format with US onshore investors involved. Clifford Capital's group CEO told FA the deal "reflects the growing interest and appetite in infrastructure returns from institutional investors".