08:33:04 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Anglo Pacific Group PLC
Symbol APY
Shares Issued 169,942,034
Close 2015-04-07 C$ 1.25
Market Cap C$ 212,427,543
Recent Sedar Documents

Anglo Pacific provides production on Kestrel royalty

2015-04-23 07:13 ET - News Release

Mr. Julian Treger reports

ANGLO PACIFIC GROUP PLC: KESTREL UPDATE AND 2016 GUIDANCE

Anglo Pacific Group PLC has provided an update on its Kestrel royalty following the first quarter 2015 operational update by Rio Tinto on April 21, 2015.

Rio Tinto announced production from the Kestrel mine of 1,017,000 tonnes of hard coking coal and 118,000 tonnes of thermal coal for first quarter 2015. Production rates at Kestrel are improving following the long-wall ramp-up as total production at the mine during first quarter 2015 was 147 per cent higher than fourth quarter 2014 and 30 per cent higher than first quarter 2014. The Kestrel mine production rate is expected to reach full production within the next nine to 15 months as the mine continues to ramp up.

Rio Tinto's first quarter Kestrel production update indicates that production tonnes on Anglo Pacific's royalty lands continue to be in line with guidance for 2015.

The company estimates that Rio Tinto will mine between 60 per cent and 65 per cent of total production within Anglo Pacific's royalty lands during 2016.

© 2024 Canjex Publishing Ltd. All rights reserved.