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‘The best is yet to come’, says Anglo Pacific Group plc’s Julian Treger

Wednesday, November 2, 2016 1:37
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(Before It's News)

Anglo Pacific Group (LON:APF) saw a 147% increase in its royalty–related income for the quarter to the end of September – compared to the same period in 2015.

Chief executive Julian Treger tells Proactive: ”We’ve continued to show progress and as well as the coking coal going up a lot we’ve been encouraged in the quarter to see the price of thermal coal and PCI coal going up and so those were the main events of the third quarter which will really benefit us with a strong finish in the latter part of this year”.

”We estimate that our exposure to coking coal from an income basis is around 65% so that’s actually pretty well correlated and we’re one of the few ways in the world in which investors can benefit from this huge spike in coking coal. We’ve seen that this year and to put it in perspective coking coal has gone from something like over $90/tonne and it’s now trading at around $260”, Treger added.

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