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Anglo Pacific Group completed the acquisition of Voisey's Bay mine from Vale Canada for $205m.

Synopsis

Anglo Pacific Group, a global listed natural resources royalty company, completed the acquisition of Voisey's Bay mine from Vale Canada, a subsidiary of Vale, one of the world's largest mining companies, for $205m. “It will provide a significant long-life income source for Anglo Pacific and materially progresses our ambition to focus on 21st century commodities that support a more sustainable world. Along with the recent additional investment in Brazilian Nickel, the Group’s net asset profile will consist of 61% base metals on a pro-forma basis and we continue to have the option to invest a further $70m into its Piaui nickel royalty,“ Julian Treger, Anglo Pacific Group Chief Executive Officer.

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