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anglo pacific group plc

Coal remains to be the hot topic in India

In the near term, coal remains to be the hot topic in India.

“We have increased India’s imports for thermal coal from 158 Mt to 164 Mt in 2018 with a further upside risk of 3-4 Mt as coal stocks at Indian power plants and Coal India Limited are at historically low levels. India’s spot market prices, for both coal and power, are expected to remain strong over the coming months as continuous industrial production growth is pushing demand, while supply remains tight,” Wood Mackenzie’s coal principal analyst Pralabh Bhargava said.

 

Anglo Pacific Group PLC (LON:APF) is a global natural resources royalty and streaming company. The Company’s strategy is to develop a leading international diversified royalty and streaming company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth through acquiring royalties and streams on projects that are currently cash flow generating or are expected to be within the next 24 months, as well as investment in earlier stage projects. It is a continuing policy of the Company to pay a substantial portion of these royalty and stream revenues to shareholders as dividends.

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