Company Information for Anglo Pacific Group Plc

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Company Statement

Anglo Pacific Group PLC generates returns for shareholders by receiving royalties from coal mines in Australia operated by BHP and Rio Tinto. The strategy of the Group is to pay a substantial proportion of these royalties to shareholders as dividends, while reinvesting the balance in strategic listed and unlisted mineral exploration and production opportunities with a view to obtaining more royalties for shareholders.

The Board is resolved to continue its policy of pursuing other mining interests by adopting an active, merchant banking approach to each project to achieve better returns at reduced risk. Anglo Pacific Group PLC concentrates its activities in Australia, Canada and the USA. 

Current Operations

The activities of Anglo Pacific Group PLC are summarised as follows:

Australian royalties
The Group, via its wholly owned Australian subsidiary Gordon Resources Limited, owns a royalty entitlement to the output from the Kestrel and Crinum underground mines in Queensland other than Crown areas. The basis of calculation of the Group royalty is 7% of the invoiced value of the coal, without deduction for any costs pertaining to rail and road freight, or any other costs incurred in relation to the sale or disposal of the coal other than port and related charges.

Mining and exploration interests

• The Group is participating in a joint venture to identify opportunities for some of the Group's licences in the Groundhog deposits in British Columbia, Canada.
• The Group is participating in a joint venture with Core Resources to identify mining opportunities in Australia as well as carrying out detailed investigations into a potential new coal area in Australia.
• The Group owns a substantial talc deposit in Shetland.

The Group owns a number of strategic interests in quoted and unquoted coal, energy, gold, diamond, base metals and PGM mining projects.

The Group owns mineral licences in the Groundhog and Peace River Coal deposits in British Columbia, Canada.

Geographical Spread

Australia - Scotland - Canada

Board of Directors and Key Management

Executive Directors

P.M. Boycott (Chairman)

B.M. Wides (Chief Executive)

M.J. Tack (Finance Director, Secretary)

Non-Executive Directors

M.H. Atkinson

J.G. Whellock

A.H. Yadgaroff

Company Address 17 Hill Street London, Greater London, United Kingdom W1J 5NZ Telephone: +44 20 7318 6360 Email: tack[at]anglopacificgroup.com Website: http://www.anglopacificgroup.com

Year End 31 December

Nominated Brokers Brewin Dolphin Securities Glasgow

Major Shareholders

Directors Shareholdings
M.H. Atkinson	3,556	0.01%
J.G. Whellock	10,084	0.01%
M.J. Tack	16,136	0.02%
A.H. Yadgaroff	159,502	0.15%
P.M. Boycott	3,129,944	2.96%
B.M. Wides	3,647,792	3.45%
Notifiable Interests
AXA Investment Managers UK	10,417,298	9.86%
Ransome's Dock Limited	8,805,234	8.34%
Rathbone Brothers Plc	7,587,141	7.18%
Legal and General Group PLC	4,411,268	4.18%

Related News

29/02/08 - Success Continues At Anglo Pacific, But London Remains Unappreciative
15/10/07 - Anglo Pacific Benefits From A Shrewd Mix Of Mining And Energy
17/04/07 - Anglo Pacific Uses Money And Influence To Good Effect

Most Recent Statement

04/06/08 - Queensland State Announces Royalty Increase
27/02/08 - 2007 Preliminary Full Year Report
07/11/07 - Anglo Pacific Group PLC Announces Interim Dividend
18/10/07 - Quarterly Activity Report
29/08/07 - INTERIM RESULTS FOR THE SIX MONTHS ENDED 30th JUNE 2007
23/08/07 - Acquisition of Advance Royalty Corporation and Uranium Royalties