Visitors Now:
Total Visits:
Total Stories:
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Anglo Pacific Group Plc ‘well placed to ride out relaxing of China mining restrictions’

Friday, November 18, 2016 9:44
% of readers think this story is Fact. Add your two cents.

(Before It's News)

China’s reversed some of the restrictions it imposed back in March on local coal miners. It’s in response to a dramatic increase in price for the nation’s top energy source on the back of reduced output. They’re now allowing companies to operate  330 days a year – rather than the 276 day maximum which was previously imposed

Mining Capital’s Alastair Ford tells Proactive: ”[The decision] will have implications for some of the London-listed companies like Anglo Pacific Group PLC (LON:APF) which has been a real trailblazer in the coal sector for the last couple of years. When coal was completely out of fashion Anglo doubled-down on its coal investments and was proven broadly correct — no one thought coal would go up like it did.”

”However Julian Treger at Anglo has also said that this recent run of high coal prices that we’ve had was unlikely to last. He’s highlighted that himself  in his own commentary so I think that a company like Anglo Pacific which is a clear player on coal, although it does have some other investments,  will be able to ride this out reasonably well’.

Discussing some of the main mining headlines from the past week Ford said he quite liked the news out from Kincora Copper Ltd. (CVE:KCC). ”That company’s appointed some useful looking geologists and technical people to get on with work on the ground in Mongolia.”

”Kincora have got a massive land package in Mongolia, one of the biggest I believe, and they’re on the ground there ‘elephant hunting’ … looking for very big, rich copper mines, multi-billion dollar mines. The reason they’re doing that is because not far away is the Oyu Tolgoi mine … recently sold to Rio Tinto for a huge sum, and is the kind of geological structure which rarely ever occurs in isolation”.

Kincora Copper’s has announced that  copper-gold porphyry mineralisation has been confirmed within a large scale complex at its project in Bayan Tal in Mongolia – and supports priority drilling.

Story by ProactiveInvestors

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.