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Purpose and strategy

Purpose
Financing investment in natural resources to enable a sustainable future

Strategy
To become a leading natural resources company through investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles

Anglo Pacific is the only non-precious metals royalty and streaming companies listed on the London Stock Exchange (APF) and the Toronto Stock Exchange (APY) investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles.
With a diversified portfolio of 16 assets across five continents and 10 commodities, its business model provides investors with a de-risked exposure to the mining sector.

Anglo Pacific has a strong balance sheet and uses its free cash flow to grow its portfolio and pay dividends.

Our values

What we believe in and how we make choices

SUSTAINABILITY

We believe long-term value can only be achieved through sustainable and responsible investment

INTEGRITY

We are committed to the highest ethical standards of conduct and best practices

DIVERSITY

We seek to achieve diversity in our investments and our team

COLLABORATION

We believe teamwork is essential to achieving our purpose and delivering value to our stakeholders

Board of Directors

COMMITTED TO CHAMPIONING AND EMBEDDING THE COMPANY’S PURPOSE AND VALUES WITHIN THE ORGANISATION

  • Patrick Meier

    Chairman

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    Patrick was appointed as Non-Executive Director in April 2015 and became Non-Executive Chairman on 10 May 2017. He has over thirty years of experience in investment banking with specialist knowledge of the mining sector. Patrick has an MA (Hons) in Natural Sciences from Cambridge University.

    Most recently he headed up the investment banking activities for RBC Capital Markets in Europe and Asia and drove a major expansion of RBC’s European presence. Prior to this role, he headed up RBC’s activities in the metals and mining sector in Europe, Africa and Asia for many years, and continues to enjoy strong relationships within the sector. He also served as a Director on the Board of RBC’s main operating subsidiary in Europe.

  • Varda Shine

    Non-Executive Director

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    Varda was appointed Non-Executive Director in August 2021. She is a highly experienced mining non-executive director, executive mentor and mining industry adviser with a career spanning 30 years. Previously she was CEO of De Beers Trading Company where she worked with stakeholders across the supply chain to introduce new distribution and price strategies for the business. She currently serves as senior independent director and remuneration committee chair of Petra Diamonds, lead independent director and remuneration committee chair of Sarine Technologies. Varda is also a board member of the Mineral Development Company of the Government of Botswana. From February 2015 to June 2019, Varda was a non-executive director, audit and nomination committee member and remuneration chair from August 2017 at Lonmin PLC.

  • Jim Rutherford

    Senior Independent Director

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    Jim was appointed Non-Executive Director in October 2019. He is also the Group’s Senior Independent Director and Chairman of the Sustainability Committee. He has over 25 years’ experience in investment banking and investment management. Mr. Rutherford has extensive international experience, and contributes to the Board considerable financial insight from the perspective of the capital markets and a deep understanding of the mining industry.
    Mr. Rutherford has served on the board of Centamin plc since January 2020, initially as deputy Non-Executive Chairman and then as Non-Executive Chairman from July 2020. He has previously served as Chairman of Dalradian Resources Inc. from 2015 to 2018; was a Non-Executive Director of Anglo American plc from 2013 to 2020; was the Lead Independent Director of GT Gold Corp from 2019 to 2021, when it was taken over by Newmont Corporation; and was a Non-Executive Director of Evraz plc from 2021 until 2022. Between 1997 and 2013, he was a senior vice president of Capital International Investors, a division of Capital Group, and had responsibility for investments in the mining and metals industry. Prior to joining Capital Group, Mr. Rutherford was an investment analyst covering the South American mining and metals industry for HSBC James Capel in New York.

  • Graeme Dacomb

    Non-Executive Director

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    Graeme was appointed Non-Executive Director in November 2019. He was a partner at Ernst and Young for 26 years where, for his last 12 years, he was a lead partner in the extractive industry, responsible for coordinating the provision of a full suite of services to multinational mining and oil and gas clients including Xstrata, Fresnillo, and BP across a broad range of countries including emerging markets. In addition to audit services, Graeme provided critical advice for his clients on corporate governance structures, risk management, acquisitions, disposals and financial systems and controls. From 2011 to 2018, Mr. Dacomb was a member of the Financial Reporting Review Panel. Mr. Dacomb was appointed a non-executive director of Ferrexpo plc with effect from 10 June 2019.

  • Robert Stan

    Non-Executive Director

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    Robert was appointed Non-Executive Director in February 2014. He has a B.Comm from the University of Saskatchewan and has over 40 years’ experience in mining and resource development. He held several senior positions with Fording Coal Limited, Westar Mining Ltd. and TECK Corporation before becoming a founding shareholder and director of publicly quoted Grande Cache Coal Corporation (‘GCC’), an Alberta-based metallurgical coal mining company. At GCC, he served as President, CEO and Director from 2001 to 2012 and in 2012 negotiated the sale of the company to an Asian-backed strategic investor consortium (Winsway Coking Coal and Marubeni Corp) for US$1.0bn. Mr. Stan served two terms as Chairman of the Coal Association of Canada Board of Directors, was a board member of the International Energy Agency’s Coal Industry Advisory Board and represented the mining industry on the Alberta Economic Development Agency. He currently serves on the board of several private companies, including Quantex Resources Ltd, Lighthouse Resources Inc., CanWhite Sands Corp. and Spruce Bluff Resources Ltd.

  • Marc Bishop Lafleche

    CEO

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    Marc joined the Board as Chief Executive Officer on 1 April 2022. He brings a deep understanding of the royalty and stream sector, Anglo Pacific’s current portfolio as well as its culture and values developed over the past eight years in his roles with the Group, most recently as Chief Investment Officer. Mr Bishop Lafleche joined Anglo Pacific in 2014 and was instrumental in the recent transformational Voisey’s Bay cobalt stream acquisition which completed in March 2021, pivoting the Group towards 21st century commodities and away from its coal heritage. Prior to joining the Group, he worked at Citigroup primarily in the Metals & Mining Investment Banking team as well as in the European Leveraged Finance team, where he worked on a variety of M&A transactions as well as debt and equity financings for clients across the Metals & Mining and other sectors. He has an MSc in Banking and International Finance from Bayes Business School and a BA (Hons) in Political Science from the University of Western Ontario, and became a CFA charterholder in 2013.

  • Kevin Flynn

    CFO

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    Kevin joined Anglo Pacific as Chief Financial Officer in January 2012 and was appointed Company Secretary in March 2015. A Chartered Accountant, having qualified with Deloitte, he has overall responsibility for corporate reporting, treasury and taxation. Prior to joining Anglo Pacific, Kevin spent several years in finance roles in the London commercial real estate sector, with both FTSE 100 and FTSE 250 companies.

Meet our team

Marc Bishop Lafleche

CEO

Kevin Flynn

CFO

Jason Gray

Company Secretary

Alice England

General Counsel

Geoff Callow

Head of Investor Relations

Rachel Dare

Head of Communications

Nick Slade

Head of Technical

Barbora Rocke

Senior Investment Associate

Charlie Comet

Investment Associate

Ayushi Sharma

Legal Counsel

Helen Cobbin

Group Management Accountant

Kirsten Mackay

Office Administrator and EA

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Certain statements in this website, other than statements of historical fact, are forward-looking statements based on certain assumptions and reflect the Group’s expectations and views of future events. Forward-looking statements are provided for the purposes of assisting the reader in understanding the Group’s financial position and results of operations as at and for the periods ended on certain dates, and to present information about management’s current expectations and plans relating to the future. Readers are cautioned that such forward-looking statements may not be appropriate for other purposes than outlined in this website. These statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, cash flow, requirement for and terms of additional financing, performance, prospects, opportunities, priorities, targets, goals, objectives, strategies, growth and outlook of the Group including the outlook for the markets and economies in which the Group operates, costs and timing of acquiring new royalties, mineral reserve and resources estimates, estimates of future production, production costs and revenue, future demand for and prices of precious and base metals and other commodities, for the current fiscal year and subsequent periods. In addition, statements relating to “reserves” or “resources” are forward looking statements, as they involve implied assessment, based on certain estimates and assumptions, that the resources and reserves described can be profitably produced in the future.

Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “intends”, “targets”, “projects”, “forecasts”, or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”. Forward-looking statements are based upon certain material factors that were applied in drawing a conclusion or making a forecast or projection, including assumptions and analyses made by the Group in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate in the circumstances. The material factors and assumptions upon which such forward-looking statements are based include: the general economy is stable; local governments are stable; interest rates are relatively stable; equity and debt markets continue to provide access to capital; the ongoing operations of the properties underlying the Group’s portfolio of royalties by the owners or operators of such properties in a manner consistent with past practice; the accuracy of reserve and resource estimates, grades, mine life and cash cost estimates; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the Group’s portfolio of royalties and investment interests; no adverse development in respect of any significant property in which the Group holds a royalty or other interest; the successful completion of new development projects; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; planned expansions or other projects within the timelines anticipated and at anticipated production levels; and title to mineral properties. 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Such risks and uncertainties include, but are not limited to risks noted in the section entitled “Risk Factors” in the Annual Information Form of the Group for the year ended December 31, 2009 (available at www.sedar.com”. If any such risks actually occur, they could materially adversely affect the Group’s business, financial condition or results of operations. Readers are cautioned that the list of factors noted in the section entitled “Risk Factors” in the Annual Information Form of the Group is not exhaustive of the factors that may affect the Group’s forward-looking statements. Readers are also cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements.Although the forward-looking statements contained in this website are based upon what the Group believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. The forward-looking statements made in this website relate only to events or information as of the date on which the statements are made and, except as specifically required by law, the Group undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.The Group’s core strategy focuses on mineral royalties and strategic investments. Mining companies are not typically required and, as a matter of practice, do not normally disclose detailed information to companies which hold a royalty interest or strategic investment in their operations. As a result, this website contains information (including forward-looking statements) contained and derived from publicly available information regarding properties and mining operations owned by third parties. The Group’s management relies upon this public information in its estimates, projections, plans, and analysis. However, the statements (including forward-looking statements) in this website relating to the Group’s investments are generally limited to, and rely upon, information generally available in the public domain, generally without recourse to independent verification or validation or access to either the mining operations in which the Group is invested or the management of those mining operations. Although the Group has no knowledge that would indicate that any such information contained in this website is untrue or incomplete, the Group assumes no responsibility for the accuracy or completeness of such information. No representation or warranty, express or implied, is given to the accuracy of such information.Readers are reminded that Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. Certain scientific and technical information on this website has been summarized or extracted from certain technical reports, as follows:• scientific and technical information relating to Kestrel Mine in this website is summarized or extracted from “A NI 43-101 Technical Report on Kestrel Coal Mine Royalty, Queensland, Commonwealth of Australia” dated March 2010, prepared by SRK Consulting (UK) Limited, and endorsed by Paul Bright and Dr. Iestyn Humphreys, each of whom is a Corporate Consultant of SRK and each of whom is a “Qualified Person” in accordance with National Instrument 43-101 — Standards of Disclosure for Mineral Projects (“NI 43-101”) and is independent of the Group. This report can be viewed here.• scientific and technical information in this website relating to Trefi Coal Project is summarized or extracted from “Resource Estimate for the Trefi Coal Property” dated 18 March 2010, prepared by Robert J. Morris, Principal Geologist of Moose Mountain Technical Services, and Robert F. Engler, Principal of Moose Mountain Technical Services, each of whom is a “Qualified Person in accordance with NI 43-101 and is independent of the Group. This report can be viewed here.• scientific and technical information in this website relating to Panorama Coal Project is summarized or extracted from “Resource Estimate for the Discovery and Panorama Coal Property” dated 18 March 2010, prepared by Robert J. Morris, Principal Geologist of Moose Mountain Technical Services, and Robert F. Engler, Principal of Moose Mountain Technical Services, each of whom is a “Qualified Person in accordance with NI 43-101 and is independent of the Group. 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