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Anglo Pacific notes Kestrel expected to increase production by 40%

Anglo Pacific Group PLC (LON:APF) (TSX:APY) has noted that Adaro Energy has implemented changes at the Kestrel coal mine in central Queensland, Australia which is expected to increase production in 2019 by 40% compared to 2018. CEO Julian Treger tells Proactive London explains how the knock on from that will affect APG as well as commenting on their iron ore investments following the Brazilain bridge collapse.
The London and Toronto listed royalty company also pointed out that Adaro anticipates any increase in production to be well absorbed by the market due to high demand for Kestrel's premium quality coal.

Quick facts: Anglo Pacific Group PLC

Price: 155.8 GBX

Market: LSE
Market Cap: £283.18 m

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Anglo Pacific to make three more acquisitions before year-end as revenues surge

Julian Treger, chief executive of Anglo-Pacific PLC (LON:APF), tells Proactive's Andrew Scott higher coal and vanadium prices have lifted interim revenues at the mining royalty specialist. Treger says royalty income will be in a range of £17.5mln to £18mln in the half year to June, a 10%...

on 26/7/18

2 min read