Anglo Pacific sells Narrabri coal royalty at a price of $36mn
LONDON, UK: Anglo Pacific Group has agreed to sell its 1% gross revenue royalty over the Narrabri mine to the operator, Whitehaven Coal Limited for consideration of up to $36 million, which includes bi-annual contingent payments linked to future realised Narrabri coal price. The consideration is structured as fixed payments totalling $21.6 million, along with…