Business
Refinement of Portfolio Investment Strategy
Refinement of Portfolio Investment Strategy.
About this update from Ecora Royalties Plc
[{"type":"text","content":"\n \n \n RNS Number : 8700D\n Anglo Pacific Group PLC\n 24 February 2020\n \n \n \n \n News Release\n \n \n \n \n \n 24 February 2020\n \n \n \n \n \n \n \n \n Anglo Pacific Group PLC\n \n \n Refinement of Portfolio Investment Strategy\n \n \n \n \n \n · \n Increased focus on commodities that support a more sustainable world\n \n \n · \n No further investment in thermal coal assets\n \n \n · \n Establishment of a Sustainability Committee\n \n \n Anglo Pacific Group PLC (\"Anglo Pacific\", the \"Company\") (LSE: APF, TSX: APY) regularly reviews and refines its strategy in respect to future investments, especially in view of our increased focus on environmental, social and governance (\"ESG\") best practices. In particular, we continue to focus on how best to align our business with the development of socially responsible mining as part of our efforts to help address the challenges around carbon dependence and sustainability. \n \n \n Reflecting the refinement of the strategy around its future portfolio investments, the Company is today announcing three initiatives:\n \n \n \n \n 1. An increased focus on commodities that support a more sustainable world;\n 2. Consistent with our track record over the past five years, no further investment in thermal coal assets; and\n 3. The establishment of a Sustainability Committee to further strengthen the Company's already rigorous ESG due diligence processes.\n \n Future commodity focus \n \n \n The Company has spent a considerable amount of time identifying commodities and production processes that contribute to establishing a more sustainable world. Over the last 5 years Anglo Pacific has invested approximately US$250 million in new royalties, which have seen the Company focus increasingly on purer, higher quality products.\n \n \n \n \n \n This is part of a clear strategy to move towards lighter, greener materials, which encompass environmental benefits and many of which form part of the new wave of technologies around electrification, including renewable energy. Examples include higher quality and more energy efficient iron ore and pellets, base metals linked to energy storage or power transition, specialist alloying materials like niobium, vanadium and aluminium and battery materials like lith...