Mr. Julian Treger reports
ANGLO PACIFIC GROUP PLC KESTREL ROYALTY UPDATE
Anglo Pacific Group PLC is providing an update on Kestrel, the company's main producing royalty.
Royalty income from Kestrel for the first half of 2015 is expected to be significantly higher than previously assumed based on a recent update from Rio Tinto, in accordance with the agreement announced on Aug. 18, 2014.
The company had previously expected minimal royalty income from Kestrel for the first half of 2015, but now expects approximately 22 per cent of production from Kestrel in the first half of 2015 to be within the company's royalty lands.
Commenting on the Kestrel update, Julian Treger, chief executive officer, said:
"We are pleased to see an increase in forecast production from our royalty lands at Kestrel. This is positive news for our cash flow profile and further underpins the board's commitment to maintain our dividend for the current year."
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