333,233%: Anglo Pacific’s potential return on coal mining royalty

Land investment in the 1980s has turned out to be a whopping win
Thursday 09 Feb 2017 Author: Daniel Coatsworth
Anglo Pacific ( APF ) has revealed it could make an outstanding 333,233% return on a coal mining royalty agreement. The mining investor paid A$180,000 for land rights in Australia in the 1980s. The land has subsequently become part of Rio Tinto’s ( RIO ) Kestrel mine. Australian law states that Anglo Pacific gets a royalty payment on coal extracted from its section of land. It has so far...

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