Deterra Royalties completed the acquisition of Trident Royalties for £144m.

Deterra Royalties, an iron ore mining company, completed the acquisition of Trident Royalties, a diversified mining royalty company, for £144m. "I believe the Offer provides an attractive outcome for shareholders of both Deterra and Trident. It is a positive step in the execution of Deterra's growth strategy by adding quality assets to our current portfolio. For Trident Shareholders it offers the certainty of a cash return at a significant premium and access to liquidity not available in recent trading. We welcome the support for the Offer of both the Trident Board and key shareholders representing 28.7% of Trident's issued capital," Julian Andrews, Deterra Royalties Managing Director.