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anglo pacific group plc

Coal leads Australian mining to 2018 export record

Australia’s resources exports delivered a record $248 billion in revenue in 2018, according to Australian Bureau of Statistics (ABS) data.

The $248 million figure accounted for 72 % of Australia’s goods exports overall.

Coal was the highest earning export commodity for the year, accounting for $66 billion in export revenue, bolstered by improved prices and and volumes driven by demand from large Asian markets.

 

Anglo Pacific (LON:APF) has a 2% NSR royalty on all mineral products sold from the area of the Maracás Menchen project to which the royalty interest relates. The project is located 250km south-west of the city of Salvador, the capital of Bahia State, Brazil and is 99.97% owned and operated by TSX Venture Exchange listed Largo Resources Limited (‘Largo’).

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