Smaller mines and developers who previously found capital through retail investors in public markets are increasingly turning to specialist investors.
Anglo Pacific Group Mining News
Anglo Pacific shares were up 2.5 percent by 1053 GMT, while the wider sector had gained 1 percent.
Anglo Pacific Group PLC announced that the proposed changes to royalty rates, which were announced by the Queensland Government on September 11, 2012, are also expected to apply to the coal royalties that it receives from the Kestrel and Crinum mines.
Anglo Pacific Group (TSX: APY) (LSE:APF) has agreed today to a proposal with Red Rock Resources Plc to acquire 50% of the Mount Ida 1.5% Gross Revenue Iron Ore Royalty (GRR) currently held by Red Rock Resources.