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Anglo Pacific to exit thermal coal with Narrabri royalty sale

LSE-listed Anglo Pacific has agreed to sell its 1% royalty on the Narrabri thermal coal mine in Australia to the operator, Whitehaven coal, as prices for the carbon-intensive fossil fuel hit record highs.

Anglo Pacific to exit thermal coal with Narrabri royalty sale Anglo Pacific to exit thermal coal with Narrabri royalty sale Anglo Pacific to exit thermal coal with Narrabri royalty sale Anglo Pacific to exit thermal coal with Narrabri royalty sale Anglo Pacific to exit thermal coal with Narrabri royalty sale

The deal, structured as a fixed payment of US$21.