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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.

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

The deal, structured as a fixed payment of US$21.6 million with additional contingent payments of up to $14 million, marks Anglo Pacific's exit from thermal coal as the royalty player shifts its focus...

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