Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Anglo Pacific Group plc    APF   GB0006449366

ANGLO PACIFIC GROUP PLC

(APF)
  Report
Delayed Quote. Delayed London Stock Exchange - 05/29 11:35:15 am
161.8 GBX   +5.06%
05/28ANGLO PACIFIC GROUP PLC : - 2020 AGM Results announcement
AQ
05/25ANGLO PACIFIC GROUP PLC : - Director Share Dealings in Company
AQ
05/18ANGLO PACIFIC GROUP PLC : - Issue of equity
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Anglo Pacific Group PLC : - US$20 million financing agreement in relation to a calcium carbonate project

share with twitter share with LinkedIn share with facebook
share via e-mail
03/03/2020 | 10:23am EDT

Anglo Pacific Group PLC ('Anglo Pacific', the 'Company', the 'Group') (LSE: APF, TSX: APY) is pleased to announce that, together with Orion Mineral Royalty Fund LP - Series 1 and Orion Mineral Royalty Fund LP - Overflow Series 1 (collectively 'Orion'), it has entered into a financing agreement with Incoa Performance Minerals LLC and certain of its affiliates ('Incoa') (the 'Financing') which will fund the construction of Incoa's calcium carbonate mine and associated infrastructure in the Dominican Republic as well as a processing facility located in Mobile, Alabama, in the United States of America.

Incoa will produce high quality ground calcium carbonate to be marketed principally to the domestic US calcium carbonate market. High quality ground calcium carbonate is used as a functional filler agent in a variety of end-products, including sealants and caulks, adhesives, rubber and as an active ingredient in food and pharmaceutical products which primarily serve to supplement dietary calcium consumption products.

The Financing is structured into two tranches, with Tranche 1 proceeds financing the project through construction and into production. Orion will fund Tranche 1 in full, and Tranche 1 funding is expected to close in Q1 2020.

Anglo Pacific'sUS$20 million Tranche 2 commitment (the 'Anglo Pacific Tranche 2 Commitment') follows construction completion when the operation is in production and generating cash flow, and will provide Incoa with additional capital to bring its ground calcium carbonate products to market. The Anglo Pacific Tranche 2 Commitment is subject to a number of conditions, including Incoa's successful construction and operation of the project. The Anglo Pacific Tranche 2 Commitment is expected to be funded in 2021. Under the terms of the Financing, Anglo Pacific is entitled to receive quarterly payments of approximately 1.23% of Incoa gross revenue following funding of the Anglo Pacific Tranche 2 Commitment.

Anglo Pacific's participation provides the Company with its first exposure to industrial mineral products and fits into its strategy of investing in high quality products with reduced environmental footprints.

Contact:

Tel: +44 (0) 20 3757 4997

About the Company

Anglo Pacific Group PLC is a global natural resources royalty and streaming company. The Company'sstrategy is to develop a leading international diversified royalty and streaming company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth through acquiring royalties on projects that are currently cashflow generating or are expected to be within the next 24 months, as well as investment in earlier stage royalties. It is a continuing policy of the Company to pay a substantial portion of these royalties and streams to shareholders as dividends.

(C) 2020 Electronic News Publishing, source ENP Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ANGLO PACIFIC GROUP PLC
05/28ANGLO PACIFIC GROUP PLC : - 2020 AGM Results announcement
AQ
05/25ANGLO PACIFIC GROUP PLC : - Director Share Dealings in Company
AQ
05/18ANGLO PACIFIC GROUP PLC : - Issue of equity
AQ
05/15ANGLO PACIFIC GROUP PLC : - Director Share Dealings in Company
AQ
04/30ANGLO PACIFIC GROUP PLC : - directors pdmr and pca share dealings in company
AQ
04/28ANGLO PACIFIC : Q1 2020 trading update and 7.7% increase in quarterly interim di..
AQ
04/15ANGLO PACIFIC GROUP PLC : - Notice of 2020 Annual General Meeting
AQ
04/09ANGLO PACIFIC GROUP PLC : - revision to final dividend timetable and 2020 annual..
AQ
04/08ANGLO PACIFIC GROUP PLC : - Results for the year ended 31 December 2019 and 32% ..
AQ
04/07ANGLO PACIFIC : Coronavirus boosts Anglo Pacific's role as financier to miners
RE
More news
Financials
Sales 2020 50,9 M 62,9 M 62,9 M
Net income 2020 20,3 M 25,1 M 25,1 M
Net Debt 2020 15,0 M 18,5 M 18,5 M
P/E ratio 2020 14,2x
Yield 2020 5,56%
Capitalization 293 M 361 M 361 M
EV / Sales 2019
EV / Sales 2020 6,04x
Nbr of Employees 11
Free-Float 90,9%
Chart ANGLO PACIFIC GROUP PLC
Duration : Period :
Anglo Pacific Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANGLO PACIFIC GROUP PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Average target price 199,83 GBp
Last Close Price 161,80 GBp
Spread / Highest target 48,3%
Spread / Average Target 23,5%
Spread / Lowest Target 3,21%
EPS Revisions
Managers
NameTitle
Julian Andre Treger Chief Executive Officer & Executive Director
Nicolas Patrick H. Meier Non-Executive Chairman
Kevin Flynn CFO, Secretary & Executive Director
Robert H. Stan Independent Non-Executive Director
Vanessa Dennett Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANGLO PACIFIC GROUP PLC-15.73%361
BHP GROUP-11.00%108 941
RIO TINTO PLC-4.22%89 286
ANGLO AMERICAN PLC-22.65%25 903
GRUPO MÉXICO, S.A.B. DE C.V.-8.45%16 652
POLYMETAL INTERNATIONAL PLC36.15%9 474