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Anglo Pacific Group PLC Acquisition of Iron Ore Royalty from London Mining. - Anglo Pacific Group

Anglo Pacific Group PLC (“Anglo Pacific”, the “Group”) (LSE: APF) (TSX: APY) announces today that it has agreed to purchase a 1% gross revenue royalty on London Mining PLC’s (“London Mining”) Isua iron ore project in Greenland for US$30 million. Anglo Pacific has entered into a royalty agreement with London Mining and its wholly-owned subsidiary, London Mining Greenland A/S (“London Mining Greenland”). London Mining has commenced work on a feasibility study for the Isua project based on a 15Mtpa open pit and processing operation with a 15-year initial mine life. Production is targeted for 2015. For a full copy of this release please click here.