Ecora Royalties
Corporate brand
UnclaimedEcora Royalties is a listed royalty and streaming company that provides capital to the mining sector in exchange for long-term exposure to revenues or production from natural-resource assets.
Last updated August 26, 2026
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Overview
Ecora Royalties PLC is a royalty and streaming company focused on financing the mining sector. Rather than operating mines directly, the company provides capital or acquires interests that give it contractual rights to receive royalty payments, streams, or other income linked to the production and revenues of mining and natural-resource assets. This model gives Ecora exposure to commodity production while generally leaving mine construction, operating costs, and day-to-day execution to the underlying operators. The business traces its origins to Diversified Bank Shares Limited, which was established in 1967. It entered the Unlisted Securities Market in 1984 and began acquiring Australian oil, gas, and mining assets in 1989. The company subsequently became a public company on the London Stock Exchange in 1996 and adopted the name Anglo Pacific Group in 1997. Over time, its activities developed toward the royalty and streaming model and expanded beyond Australia into North America, South America, and Europe. A significant portfolio transition occurred in December 2021, when the company completed its exit from thermal coal through the sale of its royalty income from the Narrabri mine in Australia. The move reflected a strategic shift away from thermal coal exposure and toward a broader set of commodities and mining-related opportunities. The corporate identity changed again in October 2022, when Anglo Pacific Group became Ecora Resources PLC. In January 2026, the company adopted the name Ecora Royalties, aligning its public identity more directly with its royalty-focused business model. Ecora Royalties remains an internationally oriented resource-finance business whose activities are primarily associated with Australia, the Americas, and Europe. Its shares are listed in both London and Toronto.
History
Ecora Royalties originated in 1967 as Diversified Bank Shares Limited. Its early corporate history preceded the modern royalty-and-streaming model, and the company initially operated as an investment vehicle with interests that later expanded into natural resources. It was admitted to the Unlisted Securities Market in 1984. Beginning in 1989, the company acquired Australian oil, gas, and mining assets. This period established Australia as an important geographic area for the business and helped shape its later specialization in resource-linked investments. The company obtained a full London Stock Exchange listing in 1996. In 1997, it adopted the name Anglo Pacific Group, under which it became more closely associated with natural-resource royalties and related investments. As the royalty and streaming sector developed, the company’s activities centered on providing capital to mining companies and acquiring contractual interests tied to production or revenue. Such interests can provide exposure to commodity assets without requiring the royalty holder to operate the mines itself. Ecora’s geographic scope broadened from its Australian base to include opportunities in North America, South America, and Europe. The company made a notable portfolio decision in December 2021 by selling its royalty income from the Narrabri mine in Australia. The transaction completed its exit from the thermal coal market and represented a move away from one category of fossil-fuel exposure. This was part of the company’s broader effort to position its portfolio around a wider range of mining commodities and long-term resource trends. In October 2022, Anglo Pacific Group PLC changed its name to Ecora Resources PLC. The rebrand presented the business as a broader natural-resources royalty company and separated its current identity from the Anglo Pacific name used since 1997. In January 2026, the company adopted the name Ecora Royalties, making the royalty character of its business more explicit. Ecora Royalties is an active listed company with operations and investments primarily connected to Australia, North America, South America, and Europe. It is listed on both the London Stock Exchange and the Toronto Stock Exchange. The available reference material does not identify its current executives, ticker symbols, headquarters, detailed asset portfolio, or individual royalty terms.
- 2026
Adopted the Ecora Royalties name
[1]The company changed its name to Ecora Royalties in January, placing its royalty business model at the center of its brand identity.
- 2022
Rebranded as Ecora Resources PLC
[1]Anglo Pacific Group adopted the Ecora Resources PLC name in October, reflecting a refreshed natural-resources identity.
- 2021
Completed exit from thermal coal
[1]The company sold its royalty income from Australia’s Narrabri mine and completed its exit from the thermal coal market.
- 1997
Adopted the Anglo Pacific Group name
[1]The company changed its name to Anglo Pacific Group, the identity it used for more than two decades.
- 1996
Listed on the London Stock Exchange
[1]The company received its first London Stock Exchange listing.
- 1989
Began acquiring Australian resource assets
[1]The company began acquiring Australian oil, gas, and mining assets, establishing an important foundation for its later resource-royalty activities.
- 1984
First listed on the Unlisted Securities Market
[1]The company entered the Unlisted Securities Market as part of its development as a publicly traded investment business.
- 1967
Company founded as Diversified Bank Shares Limited
[1]The business was established under the name Diversified Bank Shares Limited, providing the corporate origin of the later royalty company.
Products and positioning
Ecora Royalties positions itself as a specialist provider of capital to the mining sector, offering investors diversified exposure to natural-resource production through royalties and streams rather than direct mine ownership or operation.
Royalty interests
Mining royalties
Contractual interests that entitle Ecora Royalties to payments linked to the revenues or production of underlying mining assets. These interests provide resource exposure without requiring Ecora to operate the mines directly.
Streaming interests
Mining streams
Financing arrangements in which capital is provided to the mining sector in exchange for rights connected to future production. Streams can give the company long-term exposure to a mine’s output while the operating partner manages development and production.
Mining finance
Resource-sector capital
Capital supplied to mining and natural-resource businesses through royalty, streaming, or related investment structures. This is the central service proposition of the company rather than a conventional physical product.
Brand decisions
2026
Rebrand to Ecora RoyaltiesStrategyBackground
The company’s business is centered on royalties and streams that provide capital to the mining sector.
Action taken
It adopted the Ecora Royalties name in January 2026.
Aftermath
The name more directly communicates the company’s royalty-focused business model.
2022
Corporate rebrand to Ecora ResourcesStrategyBackground
The company sought a corporate identity reflecting its natural-resources and royalty activities rather than its historical Anglo Pacific name.
Action taken
Anglo Pacific Group PLC changed its name to Ecora Resources PLC in October 2022.
Aftermath
The new identity became the company’s public-facing corporate name until the subsequent 2026 change to Ecora Royalties.
2021
Exit from thermal coalStrategyBackground
The company held royalty income associated with the Narrabri mine in Australia while reshaping its resource portfolio.
Action taken
It sold the Narrabri royalty income in December 2021, completing its exit from the thermal coal market.
Aftermath
The transaction removed the company’s thermal coal royalty exposure and supported its broader positioning as a diversified natural-resources royalty business.
Recent events
Reported
Anglo Pacific completes sale of Narrabri royalty[2]
Anglo Pacific Group completed the sale of its 1% gross revenue royalty over the Narrabri mine to mine operator Whitehaven Coal for consideration of up to $36 million. The company said the sale marked its exit from thermal coal.
Reported
Anglo Pacific director indicates intention to retire[3]
Anglo Pacific announced that Non-Executive Director Vanessa Dennett intended to retire after the company's Annual General Meeting on 26 May 2021 and would not seek re-election.
Reported
Anglo Pacific completes Voisey’s Bay cobalt stream acquisition[4]
Anglo Pacific Group PLC announced completion of its acquisition from private equity sellers of a 70% net interest in a cobalt production stream from Canada’s Voisey’s Bay mine, for US$205 million at closing plus contingent consideration of up to US$27 million.
Reported
Anglo Pacific announces Voisey’s Bay cobalt stream acquisition[5]
Anglo Pacific Group announced an agreement to acquire a holding company that holds a 70% net interest in a cobalt production stream from Canada’s Voisey’s Bay mine. The stated consideration is US$205 million at closing, plus contingent consideration of up to US$27 million; completion was expected in March 2021 and remained subject to customary conditions.
Reported
Anglo Pacific announces two board appointments[6]
Anglo Pacific Group announced the appointments of Jim Rutherford and Graeme Dacomb as independent non-executive directors, effective 1 November 2019.
Reported
David Archer to step down from Anglo Pacific board[6]
Anglo Pacific Group announced that non-executive director David Archer intended to step down from the board on 1 November 2019.
Sources6 sources
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