Even with the Paris climate accords signed in late-2015, global coal demand in 2017 rose for the first time in two years, as reported by the Paris-based International Energy Agency during its annual World Energy Outlook release week.
We energy-saturated Westerners, of course, have a hard time understanding this. We should know, however, that any anti-coal policy that we impose is not that significant. The coal action is “over there.” Per BP, China consumes over 50 percent of the world’s coal, with India using about 12 percent. In contrast, the U.S. consumes 9 percent of the world’s coal with Europe at 8 percent.
In fact, coal is the cornerstone of urbanisation, increasingly important since the world’s cities are expanding by 75 million humans per year.
Anglo Pacific Group PLC (LON:APF) is a global natural resources royalty company. The Company’s strategy is to develop a leading international diversified royalty company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth mainly through acquiring royalties on projects that are currently cash flow generating or are expected to be within the next 24 months, as well as investment in earlier stage royalties. It is a continuing policy of the Company to pay a substantial portion of these royalties to shareholders as dividends.
