Anglo Pacific Group
Encyclopedia
Anglo Pacific Group plc is a major natural resources royalties business based in London
. It is listed on the London Stock Exchange
and is a constituent of the FTSE 250 Index
.
in 1984 and started to acquire Australian oil, gas and mining assets in 1989. It was first listed on the London Stock Exchange
in 1996.It adopted its present name in 1997.
and metal mines, the most important of which are in the Bowen Basin
, Queensland
, Australia
. In the last financial year of reporting, most of the revenues came from its two coal mines there.
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
. It is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
The Company was founded as "Diversified Bank Shares Limited" in 1967. It was first listed on the Unlisted Securities MarketUnlisted Securities Market
The Unlisted Securities Market , which ran from 1980 to 1996, was a stock exchange set up by the London Stock Exchange to cater for companies too small to qualify for a full listing....
in 1984 and started to acquire Australian oil, gas and mining assets in 1989. It was first listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in 1996.It adopted its present name in 1997.
Operations
The Company has operations in 15 different locations globally. It gathers royalties from a number of coalCoal
Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure...
and metal mines, the most important of which are in the Bowen Basin
Bowen Basin
The Bowen Basin contains the largest coal reserves in Australia. This major coal producing region contains one of the world's largest deposits of bituminous coal. The Basin contains much of the known Permian coal resources in Queensland including virtually all of the known mineable prime coking coal...
, Queensland
Queensland
Queensland is a state of Australia, occupying the north-eastern section of the mainland continent. It is bordered by the Northern Territory, South Australia and New South Wales to the west, south-west and south respectively. To the east, Queensland is bordered by the Coral Sea and Pacific Ocean...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
. In the last financial year of reporting, most of the revenues came from its two coal mines there.