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Enter Symbol
or Name
USA
CA



Anglo Pacific Group PLC
Symbol APY
Shares Issued 169,942,034
Close 2016-05-13 C$ 1.48
Market Cap C$ 251,514,210
Recent Sedar Documents

Anglo's royalty project to be mined at 20 to 25% in H1

2016-06-10 06:50 ET - News Release

Mr. Julian Treger reports

ANGLO PACIFIC GROUP PLC: KESTREL ROYALTY UPDATE

Anglo Pacific Group PLC is providing the following update in relation to its Kestrel royalty.

The latest forecast information provided by Rio Tinto, as part of the group's information rights in relation to forward guidance at Kestrel, indicates mining within the group's private royalty lands for the first half of 2016 will be approximately 20 to 25 per cent rather than the 30 to 35 per cent previously guided. The company understands that this is due to the delayed commencement of mining of longwall panel 404, which is largely within the group's private royalty area and is now expected to commence at the beginning of the second half of 2016. The company expects mining within the group's private royalty land will be approximately 85 to 90 per cent in the second half of 2016 resulting in significantly higher volumes than the first half of 2016 and continues to anticipate that total mining within the group's private royalty land in 2016 will be approximately 60 to 65 per cent as previously guided.

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