Anglo Pacific Group PLC Kestrel Royalty Update
LONDON, UNITED KINGDOM--(Marketwired - Oct 14, 2014) - Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (
Royalty income from Kestrel for H1 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 August 18, 2014.
The Company had previously expected minimal royalty income from Kestrel for H1 2015, but now expects approximately 22% of production from Kestrel in H1 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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http://www.rns-pdf.londonstockexchange.com/rns/1831U_1-2014-10-13.pdf
Contact
For further information:
Anglo Pacific Group PLC
+44 (0) 20 3435 7400
Julian Treger - Chief Executive Officer
Mark Potter - Chief Investment Officer
Peter Mason - Company Secretary
Website: www.anglopacificgroup.com
Bell Pottinger
+44 (0) 20 3772 2500
Nick Lambert / Lorna Cobbett