LONDON, UNITED KINGDOM -- (Marketwire) -- 03/28/13 -- Anglo Pacific Group PLC (the "Company") (LSE: APF)(TSX: APY) announces the publication of its Annual Report and Accounts for the year ended December 31, 2012 (the "Annual Report 2012") on the Company's website, www.anglopacificgroup.com.
A hard copy version of the Annual Report 2012, will be sent to those shareholders who have elected to continue to receive paper communications on or about April 15, 2013. Shareholders who have not elected to continue to receive paper communications, will be sent a notification of the availability of this document on the Company's website by post or, where they have elected, by email. The document will also be available through the National Storage Mechanism at www.hemscott.com/nsm.do and through SEDAR at www.sedar.com.
Appendix A to this announcement contains a description of the principal risks and uncertainties affecting the Company and a responsibility statement. This information should be read in conjunction with the Company's preliminary results announcement released on February 13, 2013, which included a condensed set of the Company's financial statements and information on important events that have occurred during the financial year and their impact on the financial statements.
Notes to editors:
About Anglo Pacific Group PLC
Anglo Pacific Group PLC is a global natural resources royalties company. The Company's strategy is to expand its mineral royalty interests in long-life mining assets. The Company achieves this through both direct acquisition and investment in projects at the development and production stage. It is a continuing policy of the Company to pay a substantial proportion of these royalties to shareholders as dividends.
The information set out below, which is extracted from the Annual Report 2012, together with the information contained in the preliminary results announcement released on February 13, 2013, constitutes the material required by the Disclosure and Transparency Rules to be communicated to the media in full unedited text through a Regulatory Information Service. This announcement is not a substitute for reading the full Annual Report 2012. Cross references in the text below refer to pages and sections in the Annual Report 2012.
Principal risks and uncertainties
"In addition to normal business risks and the strategic risks set out in the Our Strategy section on page 3, the Board has identified, inter alia, four main macro-economic risks that could affect the Group's performance:-
i. A prolonged, world-wide economic recessionii. Sustained low commodity pricesiii. A fall in precious metal pricesiv. Currency volatility
Measures taken by the Board to manage these risks include:-
-- Regular mining project management meetings and discussions-- Regular documented project review meetings-- Substantial cash holdings-- A diversified portfolio of projects covering a number of commodities and geographical areas-- Substantial exposure to gold and other precious metals-- Regular review of sovereign risk-- Cash being held at a number of banks and stockbrokers in a variety of currencies and short term financial instruments