333,233%: Anglo Pacific’s potential return on coal mining royalty
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 received an incredible A$400m in royalty payments from the mine and expects to receive a further A$200m in the future.
If achieved, Anglo would have made more than 3,333 times its money on the investment.
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