Anglo Pacific Group Buys Brazilian Iron Ore Royalty For A$31.25 Million
23 September 2010 - 1:20PM
Dow Jones News
Anglo Pacific Group PLC (APF.LN), the global natural resources
royalties company, said Thursday it has agreed to purchase from
Beadell Resources Limited the 1.0% gross iron ore revenue royalty
rights covering the Anglo American PLC (AAL.LN) operated Amapá Iron
Ore System as well as Beadell's mining concessions and exploration
tenements in the Amapá region of northern Brazil, for A$31.25
million in cash.
MAIN FACTS:
-The Amapá Iron Ore System is majority owned by Anglo American
with Cliff Natural Resources Inc. owning the remaining 30%.
-Anglo American expects to produce 4.0Mt of sinter feed and
pellet feed in 2010 from the Amapá Iron Ore System and could
increase production to 6.5Mt per annum with further capital
investment.
-Anglo Pacific also agreed with Beadell a similar 1.0% gross
iron ore revenue royalty over its mining concessions and
exploration tenements which cover approximately 2,500km2 and are
considered prospective for iron ore.
-Deal complements existing Kestrel metallurgical coal royalty
and the recently acquired Pilbara iron ore royalty.
-Anglo Pacific shares at 1045 GMT up 8.30%, at 300 pence,
valuing the company at GBP325.47 million.
-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314;
jana.weigand@dowjones.com
Beadell Resources (ASX:BDR)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Beadell Resources (ASX:BDR)
Historical Stock Chart
Von Jun 2023 bis Jun 2024
Echtzeit-Nachrichten über Beadell Fpo (Australische Börse): 0 Nachrichtenartikel
Weitere Beadell Resources News-Artikel