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Anglo Pacific lifts Kestrel H1 royalty sales guidance


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Anglo Pacific lifts Kestrel H1 royalty sales guidance

Anglo PacificGroup Plc projected that first-half sales from the group's privateroyalty lands at Kestrelcoal mine in Queensland, Australia, will be between 35% and 40% of the invoicedpayable tonnes, representing a substantial increase in the previously guidedrange of between 20% to 25%.

However, the group's full year guidance remains unchanged atbetween 60% and 65%, but is expected to be at the upper end of this range, itsaid in a July 20 release.

Rio Tintoowns the majority interest in Kestrel mine.

Anglo Pacific continues to project that more than 90% of productionwill be within the group's private royalty lands by the end of 2017.