Anglo Pacific Group PLC (Anglo Pacific) is a United Kingdom-based company, which focuses on royalties connected with the mining of natural resources. The Company's producing royalties include Kestrel, Narrabri, Maracas Menchen, El Valle- Boinas/Carles (EVBC) and Four Mile. The Company's development royalties include Salamanca, Groundhog, and Amapa & Tucano. The Company's early-stage royalties include Pilbara, Ring of Fire and Dugbe 1. Kestrel is an underground coal mine located in the Bowen Basin, Queensland, Australia. The Company holds interests in the Narrabri coal project, which is located in New South Wales, Australia. The Narrabri royalty includes the Narrabri mine, and the Narrabri South project. The Maracas Menchen project is located in approximately 250 kilometers south-west of the city of Salvador, the capital of Bahia State, Brazil. EVBC is located in the Rio Narcea Gold Belt of northern Spain. The Salamanca uranium project is located in Spain.
Half Year 2021 Trading Update: Portfolio contribution1 for Q2 2021 of £9.4m, a 38.2% increase compared to £6.8m in Q1 2021, includes maiden deliveries under the Voisey’s Bay stream following completion of the acquisition at the end of Q1 2021. The Group’s Q2 2021 portfolio contribution has benefitted from 5 deliveries from the stream, and when combined with the 3 deliveries thus far in July 2021, the Group has realised total proceeds of US$4.0m (£2.8m) Portfolio contribution of £16.2m in H1 2021 compared to £19.1m in H1 2020, reflects lower coking coal prices and volumes at both Kestrel and Narrabri, primarily in Q1 2021, but is offset by maiden contributions from the Group’s Voisey’s Bay stream of £1.7m Coal prices in the earlier part of 2021 were impacted by the Chinese import ban on Australian coal – this position reversed in late Q2 2021, resulting in a more favourable outlook for H2 2021 Dividends from LIORC of C$2.75 per share declared in H1 2021 compared to C$0.80 per share in H1 2020 – benefitting from continued strong iron ore pricing throughout the first six months of 2021 Realised copper and vanadium prices were higher in the period which benefitted Mantos Blancos and Maracás Menchen revenue (the latter was impacted by a one-off off-take adjustment charge in H1 2020) All the Group’s producing assets are back in operation, following the recommencement of activities at the McClean Lake Mill after a period of COVID-19 related care and maintenance (as announced at the Group’s Q1 2021 Trading Update) Net debt of £78.7m at the end of June 2021 (£24.4m at the beginning of the year) reflecting the acquisition of the Voisey’s Bay cobalt stream in Q1 2021 With ~US$29m of undrawn borrowings, ~US$39m residual position in LIORC and ~US$8.0m of treasury shares, the Group has financing flexibility of ~US$76m to finance further growth opportunities https://www.anglopacificgroup.com/half-year-2021-trading-update/
LONDON, UK / ACCESSWIRE / August 23, 2021 Anglo Pacific Group PLC ('Anglo Pacific', the 'Company' or the 'Group') (LSE:APF)(TSX:APY), is pleased to announce the appointment of Varda Shine as an independent non-executive director of the Company, effective from 23 August 2021. Varda will also serve on the Company's audit committee and will chair the remuneration committee, effective from 1 September. Varda is a highly experienced mining non-executive director, executive mentor and mining industry adviser with a career spanning 30 years. Previously she was CEO of De Beers Trading Company where she worked with stakeholders across the supply chain to introduce new distribution and price strategies for the business. She currently serves as senior independent director and remuneration committee chair of Petra Diamonds, lead independent director and remuneration committee chair of Sarine Technologies. Varda is also a board member of the Mineral Development Company of the Government of Botswana. From February 2015 to June 2019, Varda was a non-executive director, audit and nomination committee member and remuneration chair from August 2017 at Lonmin PLC. https://finance.yahoo.com/news/anglo-pacific-group-plc-announces-060000327.html
LONDON, UK / ACCESSWIRE / August 25, 2021 Anglo Pacific Group PLC ('Anglo Pacific' or the 'Group') (LSE:APF)(TSX:APY) announces that Julian Treger has indicated that he wishes to step down from his role as Chief Executive Officer ('CEO') in due course after eight years in the role. Mr Treger will remain as CEO, leading the team and the Group's strategic objectives as normal until 31 March 2022, thus ensuring a smooth transition to new leadership for Anglo Pacific. https://finance.yahoo.com/news/anglo-pacific-group-plc-announces-060100370.html
LONDON, UK / ACCESSWIRE / August 26, 2021 Anglo Pacific Group PLC (the 'Company' or 'Anglo Pacific') (LSE:APF)(TSX:APY) announces clarification of the dividend timetable. Following the move to reporting results in US dollars rather than in pound sterling the Company reconfirm that the Q1 2021 interim dividend of 1.75p, will be paid on 10 November to shareholders on the register at 8 October 2021. https://finance.yahoo.com/news/anglo-pacific-group-plc-announces-060000469.html
1 September2021 Anglo Pacific Group PLC (the “Company” or “Anglo Pacific”) (LSE: APF, TSX: APY) is pleased to note the additional capital raise by Brazilian Nickel PLC (“BRN”) today to fund the continued development of the Piauí Nickel project in Brazil. BRN has announced the completion of a tranched equity financing for gross proceeds of US$24.8m of which US$17.5m will be contributed by Resource Capital Fund VII L.P. (RCF) which sees them join TechMet Limited as a cornerstone BRN shareholder. RCF are a leading natural resource investor and their addition to the shareholder register is, in our opinion, a further validation of the quality of the project. The combined equity investments from December 2020, in which Anglo Pacific subscribed US$2m, amount to US$52.37 million which will allow BRN to continue to accelerate the development of the Piauí Nickel Project. The latest investment completes both the funding for BRN’s bankable feasibility study (“BFS”) for the Project, and the necessary funding to construct and operate a small-scale production plant with nickel production capacity of up to 1,400 tonnes per annum, thereby creating employment in one of Brazil’s most economically deprived and underdeveloped regions, and delivering high environmental performance and social governance standards. Anglo Pacific was an early-stage sponsor of this Project, investing US$2m in return for a 1.25% royalty on the Project. Along with this investment the Group obtained the right, but not obligation, to acquire additional royalty rights for a maximum consideration of US$70m which would see the Company’s total royalty entitlement increase to between 4.25% and 5.25%. The Project has the potential to become a significant asset in the Group’s portfolio, with a full-scale operation contributing annual royalty income ranging US$10-15m depending on the nickel price. https://www.anglopacificgroup.com/successful-fundraising-announced-by-brazilian-nickel-plc/
Thu, October 14, 2021, 8:20 AM Divestment of Narrabri thermal coal royalty for consideration of up to $36 million LONDON, UK / ACCESSWIRE / October 14, 2021 / Anglo Pacific Group PLC ("Anglo Pacific" the "Company" or the "Group") (LSE:APF, TSX:APY) is pleased to announce its exit from thermal coal by entering into an agreement to sell its 1% gross revenue royalty over the Narrabri mine to the operator, Whitehaven Coal Limited ("Whitehaven") for consideration of up to $36 million. The consideration is structured as fixed payments totalling $21.6 million, along with contingent payments which could generate a further $14 million. The transaction is expected to close on 31 December 2021, with no material conditions precedent to closing. Anglo Pacific will continue to receive royalties from Narrabri until the end of the current calendar year. This transaction significantly 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. Highlights $21.6 million fixed consideration, to be received in instalments until 31 December 2026, of which ~$13 million will be received within 18 months of the transaction close date Contingent consideration of a further estimated $14 million depending on future coal price levels, Narrabri sales volumes and the successful permitting of the Narrabri South extension H2 2021 Narrabri royalty income estimated at $1 - 2 million to be paid to Anglo Pacific, a period which is seeing elevated thermal coal prices Increases Anglo Pacific's portfolio contribution from 21st century commodities that support a more sustainable world Provides Anglo Pacific with the opportunity to redeploy capital into further acquisitions https://finance.yahoo.com/news/anglo-pacific-group-plc-announces-062000043.html
Trading Update Q3 2021 Portfolio contribution of $23.6m in Q3 2021 – the highest individual quarter in the Company’s history Portfolio contribution in the quarter was 180% higher than Q3 20 and also ahead of that generated in the first six months of 2021 Results benefitted from very high coking coal prices being captured at Kestrel during the third quarter, resulting in revenue of $11.7m Current coking coal spot prices are ~US$390/t, significantly ahead of the average for Q3 21, suggesting an even stronger quarter to come in Q4 Cobalt prices were also higher during the third quarter, resulting in a net contribution of $5.2m from Voisey’s Bay – and with spot prices in excess of US$27/lbs, the outlook for the remainder of the year looks promising Solid performance from the Group’s Maracás Menchen, Mantos Blancos and EVBC royalties in the third quarter – with possible volume upside to come in the final quarter Further well documented production and quality issues at Narrabri, impacting revenue in the third quarter Strength of portfolio contribution generated in Q3 21 resulted in the Group’s leverage ratio dropping below 2x at the end of the third quarter Julian Treger, Chief Executive Officer of the Company, commented: We are delighted to announce a record quarter of portfolio contribution from our royalty and streaming assets. Having lagged the broader commodity basket, coking coal prices began to rebound significantly at the beginning of the third quarter, averaging around $210/t for the period in which our Q3 royalty was payable. Prices have continued to increase since and are now at ~$390/t which suggests that the fourth quarter could provide a very strong finish to the year for the Group. Elsewhere, we were pleased with the performance from Voisey’s Bay, which has also benefitted from a higher cobalt price environment than what we anticipated for H2 21 at the time of the acquisition. Overall cobalt prices have increased by 13% since we acquired the stream. The portfolio contribution from the third quarter has enabled the Group to meaningfully de-lever during the fourth quarter, with our leverage ratio now under 2x. The Group has ~$36m available under its existing credit facility and ~$9m of shares held in treasury, along with our remaining stake in LIORC valued at ~$30m providing ~$75m in financing flexibility, not including the ~$13m to be received in instalments over the next 18 months following the sale of the Narrabri royalty. Following the recent announcement of the sale of our thermal coal royalty, we continue to pursue our strategy of increasing our exposure to commodities that support a more sustainable world and expect the contribution from coking coal related assets to reduce to ~8% of Group’s total portfolio contribution by 2025. To this end we are actively evaluating opportunities and are confident in our pipeline and ability to further diversify the business. We remain positive going into Q4 with the strong commodity fundamentals seen recently, looking broadly sustainable as well as strong volume performance expected from the portfolio.” https://www.anglopacificgroup.com/q3-2021-trading-update-record-quarterly-portfolio-contribution/
The Directors of Labrador Iron Ore Royalty Corporation (the "Corporation") (TSX:LIF) declared today a quarterly cash dividend of $1.15 per Common Share. The dividend is payable to holders of record at the close of business on December 31, 2021 and is to be paid on January 26, 2022 . https://labradorironore.com/news/labrador-iron-ore-royalty-corporation-cash-divid-3866/
January 31, 2022 Anglo Pacific Group PLC ("Anglo Pacific", the "Company" or the "Group") (LSE:APF)(TSX:APY), is pleased to announce the appointment of Mr. Marc Bishop Lafleche as Chief Executive Officer, with effect from 1 April 2022, following a thorough succession process. Mr. Bishop Lafleche succeeds Mr. Julian Treger who will step down from the role and the Board on 31 March 2022, as previously announced. Mr. Bishop Lafleche will also join the Board on assuming the role. Mr. Bishop Lafleche has been with the Company for the past eight years, most recently as Chief Investment Officer responsible for originating and executing the Group's acquisitions and disposals. He led the Group's most recent and transformational Voisey's Bay cobalt stream acquisition and the successful exit of Anglo Pacific's only thermal coal royalty. As a member of the Group's Executive Committee, Marc has been integral in shaping the Group's vision and strategy. https://finance.yahoo.com/news/anglo-pacific-group-plc-announces-070000235.html
Anglo Pacific Group PLC Announces Director Share Dealings in Company Anglo Pacific Group PLC announces that it received notification of the following transactions by Kings Chapel International Limited, a Person Closely Associated ("PCA") with Mr. Julian Treger, Chief Executive Officer of the Company. On 11 February 2022, Kings Chapel International Limited, sold 700,000 ordinary shares of 2 pence each in the Company ("Shares") at an average approximate price of 144.00p per share, as part of a further rebalancing of its investment portfolio. Following this notification, the total beneficial holding of Shares by Mr. Treger and persons closely associated with him is 2,174,951 Shares, representing 1.02% of the issued ordinary share capital of the Company. The transactions took place on the London Stock Exchange. https://finance.yahoo.com/news/anglo-pacific-group-plc-announces-070000811.html
Anglo Pacific Group PLC Announces Q3'21 Dividend Payment Delayed to 17 February 2022 Anglo Pacific Group PLC announces that due to a technical issue beyond the Company's control, the Q3 2021 dividend of 1.75p per share scheduled for payment today, has been delayed by 24 hours. Shareholders will now receive the Q3 2021 dividend on 17 February 2022. https://finance.yahoo.com/news/anglo-pacific-group-plc-announces-070000837.html
