| Royalty Update: Narrabri | |
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Anglo Pacific Group PLC ('Anglo Pacific', or the 'Company') (LSE: APF, TSX: APY), the London and Toronto listed royalty company is pleased to provide an update on its Narrabri royalty. This follows the release of the Whitehaven Coal Limited ('Whitehaven') (ASX: WHC) September quarterly production report on October 15, 2015.
Whitehaven announced that a planned longwall changeout was successfully completed at Narrabri during the quarter. Run of Mine ('ROM') coal production for the quarter was 1.0 Mt, down 52% compared to 2.1 Mt in the quarter ended September 30, 2014. Narrabri production was impacted by the scheduled longwall changeout, therefore quarterly production is not fully comparable with the same quarter of the previous year, during which no longwall changeout occurred.
Saleable coal production for the quarter was 1.6 Mt, with coal sales of 1.6 Mt. The sale of coal inventories resulted in coal sales exceeding ROM coal production.
Anglo Pacific acquired the royalty on March 11, 2015 and is entitled to royalty income over 100% of sales from the Narrabri Mine from January 1, 2015.
Julian Treger, Chief Executive Officer of Anglo Pacific, commented:
'We are pleased to see Whitehaven achieve coal sales in excess of coal production during the past quarter. As a result, we would expect total Narrabri fiscal year 2016 coal sales to exceed saleable coal levels implied by Whitehaven's Narrabri ROM coal production guidance of 6.6 Mt to 6.8 Mt.'
For a full copy of this release please click here.
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Anglo Pacific Group plc
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PRODUCTEUR |
CODE : APF.L |
ISIN : GB0006449366 |
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Anglo Pacific est une société basée au Royaume-Uni. Anglo Pacific est productrice de fer au Bresil, et détient divers projets d'exploration au Bresil. Son principal projet en production est AMAPA au Bresil. Anglo Pacific est cotée au Royaume-Uni, aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 26,7 milliards GBX (31,9 milliards US$, 32,2 milliards €). La valeur de son action a atteint son plus bas niveau récent le 28 septembre 2001 à 10,02 GBX, et son plus haut niveau récent le 05 octobre 2022 à 157,00 GBX. Anglo Pacific possède 169 942 000 actions en circulation. |