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anglo pacific group plc

Australian exports ride high on iron ore price recovery

Australia’s commodity exports earned a record $275 billion over the past 12 months, and another record is tipped next year.

The impact of the tailings dam collapse at one of Vale’s iron ore mines in Brazil this year, which led to a sharp fall in Brazilian iron ore exports, looks set to last at least two years.

It means the seaborne iron ore market is likely to remain tight, and prices elevated, at least until 2021, and Australia is the main beneficiary.

Anglo Pacific Group PLC (LON:APF) has a 1.5% life of mine GRR over three exploration tenements in the central Pilbara region of Western Australia owned by a wholly-owned subsidiary of BHP Group (LON:BHP), which is dual-listed on the LSE and ASX.

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