sector: Energy ·
industry: Coal ·
As of
24 Nov 2009
214.50GBp
Anglo Pacific Group plc, through its wholly owned Australian subsidiary Gordon Resources Limited, owns half of a royalty entitlement to the output from the Kestrel and Crinum underground mines in Queensland other than Crown areas. As of December 31, 2008, it owned mining and exploration interests held for the purposes of generating additional royalty flows including coal, uranium, gold, diamond, base metals and mining projects, mineral licences in the Groundhog and Peace River Coal deposits in British Columbia, Canada, a joint venture with Core Resources to identify mining opportunities in Australia as well as carrying outdetailed investigations into a potential new coal area in Australia and a substantial talc deposit in Shetland. On November 26, 2008, the Company acquired 2.5% Net Smelter Royalty (NSR) on the Engenho gold project in Brazil, operated by Mundo Minerals Limited. On October 21, 2008, it acquired a 2.5% NSR, on the El Valle deposit in Spain.
BRIEF: For the six months ended 30 June 2009, Anglo Pacific Group plc's revenues totaled £11.7M, up from £3.7M. Net income decreased 41% to £8.8M. Revenues reflects increased royalty receipts. Net income was offset by decreased other operating income, lower finance income and decrease profit on sale of mining & exploration interests. Anglo Pacific Group plc is engaged in the mineral exploration, divided into royalty, mining and exploration.
Anglo Pacific Group PLC
17 Hill Street
Mayfair
London ENG W1J 5NZ
P: +44020.74091111