All-Canadian royalty portfolio
About Altius Prairie Royalties
In April 2014 Altius in partnership with Liberty Metals & Mining Holdings, LLC (“LMM”), 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 were proportionately owned according to each partner’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. In March 2018, Altius announced and closed a transaction increasing its potash royalty interest to 91.3%, acquired from LMM, with the private third party acquiring the balance. The coal royalties will continue to be shared in their original proportions, with Altius owning 52.36% and acting as the general partner.
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 /Westmoreland|
|Sheerness (thermal coal)||ATCO Power /Westmoreland|
|Highvale (thermal coal)||TransAlta|
|Cheviot-Cardinal River (metallurgical coal)||Teck Resources|
|Patience Lake (potash)||Nutrien|
|Esterhazy (potash)||The Mosaic Company|