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Higher coal and vanadium prices sees Anglo Pacific post 89% increase in Q3 royalty income

Julian Treger, chief executive of Anglo Pacific Group plc (LON:APF, TSE:APY) tells Proactive they've had a strong third quarter, with free cash flow tripling from the previous year’s level.

The combination of higher coal and vanadium prices resulted in an 89% increase in royalty income, with Anglo flagging a 39% increase in average coal price achieved at Kestrel and a 46% increase at Narrabri, while the record operational performance at Maracás Menchen resulted in its royalty income increasing to £0.6mln for the quarter from £0.2mln a year earlier.

 

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