Anglo Pacific Group are the sole listed royalty company
on the Main Board in London.
Highlights:
§
Anglo Pacific is ‘back on track’, following a Q1
performance impacted by reduced Kestrel royalty receipts due to a longwall
changeover and adverse weather in Queensland
§
Kestrel royalty (coking coal in Australia, operated by Rio
Tinto) returned to expected production levels in Q2 – and the recovery in
production is expected to continue during H2 2012
§
Current market conditions are favourable for additional
royalty acquisitions – during 2012 to date, Anglo Pacific has acquired two new
royalties (Mount Ida and Churchrock)
§
Progress made at development royalties, which the Company
believe should bring forward future cash flows from these
royalties
§
Interim dividend increased by 4.7% to 4.45p per share
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