Posted in | News | Iron Ore | Mining Business

Anglo Pacific Group Acquires Brazilian Iron Ore Royalty from Beadell Resources

From Anglo Pacific Group PlcDec 4 2010

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

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

APA
Anglo Pacific Group Plc. (2019, February 18). Anglo Pacific Group Acquires Brazilian Iron Ore Royalty from Beadell Resources. AZoMining. Retrieved on April 20, 2024 from https://www.azomining.com/News.aspx?newsID=1829.
MLA
Anglo Pacific Group Plc. "Anglo Pacific Group Acquires Brazilian Iron Ore Royalty from Beadell Resources". AZoMining. 20 April 2024. <https://www.azomining.com/News.aspx?newsID=1829>.
Chicago
Anglo Pacific Group Plc. "Anglo Pacific Group Acquires Brazilian Iron Ore Royalty from Beadell Resources". AZoMining. https://www.azomining.com/News.aspx?newsID=1829. (accessed April 20, 2024).
Harvard
Anglo Pacific Group Plc. 2019. Anglo Pacific Group Acquires Brazilian Iron Ore Royalty from Beadell Resources. AZoMining, viewed 20 April 2024, https://www.azomining.com/News.aspx?newsID=1829.