Posted in | Iron Ore | Mining Business

Anglo Pacific Group Acquires Brazilian Iron Ore Royalty from Beadell Resources

Anglo Pacific Group PLC (LSE: APF) (TSX: APY), the natural resources royalty company, today announces the completion of the Brazilian iron ore royalty acquisition from Beadell Resources Limited for a sum of A$31.25million in cash.

As previously announced on September 23, 2010 the royalty covers the Anglo American plc operated Amapá iron ore system as well as Beadell's mining concession and exploration tenements in the Amapá region of northern Brazil.

Anglo Pacific is pleased to have completed the acquisition of this high quality producing royalty.  The first royalty payment from Anglo American plc for the month of December is expected in January 2011.

Source: Anglo Pacific Group PLC

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