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Anglo Pacific exits thermal coal with Australian Narrabri royalty sale

Anglo Pacific has exited thermal coal through the sale of its 1% gross revenue royalty over the Australian Narrabri mine to operator Whitehaven. The deal is part of the company’s plan to reduce its carbon footprint and focus increasingly on battery metals.

Nathan Richardson
Anglo Pacific exits thermal coal with Australian Narrabri royalty sale

The London-based resources-royalties business completed the sale to ASX-listed Whitehaven on December 31 for a consideration of up to $36 million. The deal is structured with fixed payments totalling...

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