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anglo pacific group plc

Anglo Pacific’s revenues charged by vanadium price surge

Higher coal and vanadium prices have lifted interim revenues at mining royalty specialist Anglo Pacific PLC (LON:APF).

Royalty income will be in a range of £17.5mln to £18mln in the half year to June, a 10% increase year-on-year after a very strong second quarter.

Kestrel, a coal mine in Australia, will again produce the bulk of this revenue. Royalty income from the mine is 15% higher than a year ago in a range of £14mln – £14.5mln driven by higher coal prices and production.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.