All-Canadian royalty portfolio
About Altius Prairie Royalties
In April 2014 Altius in partnership with Liberty Metals & Mining Holdings, LLC (â€śLMMâ€ť), a subsidiary of Boston-based Liberty Mutual Insurance, and another private party acquired a portfolio of 11 producing coal (5) and potash (6) royalties ("the Prairies Royalties") located in the provinces of Alberta and Saskatchewan. The Prairie Royalties are proportionately owned according to each partnerâ€™s respective share with Altius owning 52.36% and acting as the general partner. Each partner's respective royalty revenues flows to the partners on a quarterly basis.
A table of the 11 properties generating royalties from the Prairies Royalties portfolio are included below and for additional information on each asset please select the applicable royalty.
|Mine||Lessee / Operator|
|Genesee (thermal coal)||Capital Power /Wesmoreland|
|Paintearth (thermal coal)||ATCO Power /Sherritt|
|Sheerness (thermal coal)||ATCO Power - TransAlta / Sherritt|
|Highvale (thermal coal)||TransAlta /Sherritt|
|Cheviot-Cardinal River (metallurgical coal)||Teck Resources|
|Rocanville (potash)||Potash Corporation of Saskatchewan|
|Cory (potash)||Potash Corporation of Saskatchewan|
|Allan (potash)||Potash Corporation of Saskatchewan|
|Patience Lake (potash)||Potash Corporation of Saskatchewan|
|Esterhazy (potash)||The Mosaic Company|