| CORRECTION - Anglo Pacific Group PLC: Trading Update | |
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LONDON, UNITED KINGDOM--(Marketwired - Jan 9, 2015) - In the news release, "Anglo Pacific Group PLC: Trading Update," issued earlier today by Anglo Pacific Group PLC (LSE: APF) (TSX: APY), we are advised by the company the percentages in the first sentence of the second paragraph under the 'Kestrel' subheadline should read "70% to 75%" rather than "35% to 40%" as originally issued. The website link at the bottom of the release has also been revised to http://www.rns-pdf.londonstockexchange.com/rns/7957B_1-2015-1-9.pdf. Complete corrected text follows. LSE: APF; TSX: APY News Release January 9, 2015 Anglo Pacific Group PLC: Trading Update LONDON, UNITED KINGDOM -- Jan 9, 2015 -- Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE: APF) (TSX: APY), the London and Toronto listed royalty company, issues the following trading update, along with certain unaudited financial information, for the twelve months ending December 31, 2014. - Anglo Pacific faced challenging commodity market conditions during 2014. However, the number of royalties over mines currently at the production stage increased from three to five and the Company generated cash through disposals of non-core equity investments
- Gross royalty income expected to be in the region of £3.2m to £3.6m for 2014
- Gross proceeds from disposals of non-core equity and debt investments of approximately £8.7m
- Cash and cash equivalents of approximately £8.8m as at December 31, 2014
- Anglo Pacific expects royalty income from Kestrel to increase substantially as mining re-commences within our royalty lands during 2015
Julian Treger, Chief Executive Officer, commented: "We expect a further ramp up in production levels at Rio Tinto's Kestrel mine during 2015, and expect tonnage mined within our lands to increase substantially in 2015 with these trends continuing into 2016 and 2017. |
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Anglo Pacific Group plc
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PRODUCER |
CODE : APF.L |
ISIN : GB0006449366 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Anglo Pacific is based in United kingdom. Anglo Pacific produces iron in Brazil, and holds various exploration projects in Brazil. Its main asset in production is AMAPA in Brazil. Anglo Pacific is listed in Australia, in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 26.7 billions as of today (US$ 31.9 billions, € 32.2 billions). Its stock quote reached its lowest recent point on September 28, 2001 at GBX 10.02, and its highest recent level on October 05, 2022 at GBX 157.00. Anglo Pacific has 169 942 000 shares outstanding. |