Anglo Pacific pivots towards battery metals as world turns green

  • Anglo Pacific agrees to sell royalty from Narrabri mine, exit from thermal coal
  • Anglo Pacific transforms itself at a stroke into a major battery metals player, with a particular emphasis on cobalt
  • Anglo Pacific Group exits from thermal coal by selling royalty from Narrabri mine
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Quick facts: Anglo Pacific Group PLC

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Anglo Pacific Group PLC is a global natural resources royalty and streaming company.

The company’s strategy is to become a leading natural resources company through investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles.

It is a continuing policy of the company to pay a substantial portion of these royalties and streams to shareholders as dividends.

14 Oct 2021

(, , ) has agreed to sell its 1% gross revenue royalty over the Narrabri mine in Australia to the operator, (), for up to US$36mln (GBP26mln), marking its exit from thermal coal.

The sale improves the group’s carbon footprint with a remaining portfolio of assets now increasingly weighted towards cobalt, vanadium, copper and nickel – commodities which will be essential to decarbonise energy generation in the years ahead, it said.

Anglo Pacific will receive fixed payments totalling US$21.6mln, along with contingent payments which could generate a further US$14mln.

The transaction is expected to close on December 31 and the company will continue to receive royalties from Narrabri until the end of the current calendar year. The group expects to receive about US$1-2mln in the second half from Narrabri royalty income.

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25 Aug 2021

Anglo Pacific Group PLC (LSE:APF, TSX:APY, OTC:AGPIF, FRA:HGR), a natural resources royalty and streaming company, said Julian Treger wishes to step down as chief executive in due course and that it has started a search for his replacement.

Treger, who was instrumental in moving the group’s focus away from coal and towards 21st century commodities during his eight years in the role, will remain as CEO until 31 March 2022 to ensure a smooth transition, the company said.

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23 Aug 2021

Anglo Pacific Group PLC (LSE:APF, TSX:APY, OTC:AGPIF, FRA:HGR) (LSE:APF) has appointed Varda Shine as its new independent non-executive director.

The company, in a statement, highlighted that Shine is a highly experienced mining director and was previously chief executive of De Beers Trading Company.

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01 Mar 2021

“We’ve been looking for a big transformational acquisition for some time,” says Julian Treger of Anglo Pacific Group PLC (LON:APF).

“And this is it.”

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14 Oct 2021

(, , ) (LSE:APF, TSX:APY, ) Chief Executive Julian Treger catches up with Proactive’s Katie Pilbeam to talk about selling their 1% gross revenue royalty over the Narrabri mine in Australia to the operator, () ().

The deal is for up to US$36mln (GBP26mln), marking its exit from thermal coal. The sale improves the group’s carbon footprint with a remaining portfolio of assets now increasingly weighted towards cobalt, vanadium, copper and nickel – commodities which will be essential to decarbonise energy generation in the years ahead, it said.

Anglo Pacific will receive fixed payments totalling US$21.6mln, along with contingent payments which could generate a further US$14mln.

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Anglo Pacific Group exits from thermal coal by selling royalty from Narrabri…

Anglo Pacific Group PLC (LSE:APF, TSX:APY, OTC:AGPIF) (LSE:APF, TSX:APY, OTC:AGPIF) Chief Executive Julian Treger catches up with Proactive’s Katie Pilbeam to talk about selling their 1% gross revenue royalty over the Narrabri mine in Australia to the operator, Whitehaven Coal Limited (ASX:WHC)…

6 hours, 20 minutes ago

3 min read

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