Thermal coal sounds like it is as far as you can get from clean and green, but we found an expert who reckons it is the “biggest winner in the green revolution”.
“Somehow the world is come to the realisation that power does not come out of a plug,” Patersons Securities resources analyst Xavier Braud told delegates on the second day of the RIU Explorers Conference in Fremantle, WA.
Thermal coal prices have been on a tear since July 2018, gaining over 20 per cent by September before edging back. Prices are still up about 7 per cent over the past year.
Anglo Pacific Group (LON:APF) has a diverse portfolio of assets in low-risk jurisdictions and is the only listed company on the London Stock Exchange focused on royalties connected with the mining of natural resources.