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Labrador sale frees up cash for Anglo Pacific

Anglo Pacific’s decision to sell 73% of its stake in Labrador Iron Ore in the December quarter leaves the LSE-royalty player cashed up and in a strong position to tackle the year ahead.

Labrador sale frees up cash for Anglo Pacific Labrador sale frees up cash for Anglo Pacific Labrador sale frees up cash for Anglo Pacific Labrador sale frees up cash for Anglo Pacific Labrador sale frees up cash for Anglo Pacific

Anglo Pacific Group owns a royalty on the Kestrel coking coal mine in Queensland, Australia

RBC analyst Tyler Broda described the sale, which represents an approximate 60% return on investment, as a "very positive move", with the US$80.