Anglo pacific Group have taken a substantial shareholding in HEP...

Anglo pacific Group have taken a substantial shareholding in HEP - 16th October.

Total shares owned 1,975,000.

Percentage of current issue 3.7%.

Date of notification 16th Oct.

"Anglo Pacific Group PLC generates returns for shareholders by receiving royalties from coal mines in Australia operated by BHP and Rio Tinto. The strategy of the Group is to pay a substantial proportion of these royalties to shareholders as dividends, while reinvesting the balance in strategic listed and unlisted mineral exploration and production opportunities with a view to obtaining more royalties for shareholders.

The Board is resolved to continue its policy of pursuing other mining interests by adopting an active, merchant banking approach to each project to achieve better returns at reduced risk. Anglo Pacific Group PLC concentrates its activities in Australia, Canada and the USA".

Cheers