Anglo Pacific Group PLC: Q1 2017 Coking Benchmark Price

LONDON, UNITED KINGDOM -- (Marketwired) -- 12/13/16 -- Anglo Pacific Group PLC (LSE: APF) (TSX: APY)

LSE: APF; TSX: APY

News Release December 13, 2016

Anglo Pacific Group PLC Q1 2017 Coking Benchmark Price

Anglo Pacific Group PLC ("Anglo Pacific", the "Company" or the "Group") (LSE: APF; TSX: APY), the London and Toronto listed royalty company, notes that industry sources are reporting the seaborne benchmark hard coking coal contract price for the first quarter of 2017 has settled at US$285 per tonne. This is the highest settlement price since Q4 2011 and equal to the fourth highest on record in US dollar terms. The first quarter 2017 settlement price is 43% higher than the previous quarter.

Julian Treger, Chief Executive Officer of Anglo Pacific, commented:

"The recent hard coking contract price settlements are materially above the levels we have seen in the past years and significantly higher than our previous assumptions. This should markedly improve our income and dividend cover next year.

Anglo Pacific has royalties over the sales of coking coal at the Kestrel mine in Australia where the majority of production is expected to be within the Group's private royalty land during the next twelve months. In addition, the weakness of the pound post Brexit should also improve our income figures in the first half of next year."

For further information:

Anglo Pacific Group PLC                                 +44 (0) 20 3435 7400

Julian Treger - Chief Executive Officer

Kevin Flynn - Chief Financial Officer and Company
Secretary

Website:                                           www.anglopacificgroup.com

BMO Capital Markets Limited                             +44 (0) 20 7664 8020

Jeffrey Couch / Neil Haycock / Tom Rider

Macquarie Capital (Europe) Limited                      +44 (0) 20 3037 2000

Raj Khatri / Nicholas Harland / Ariel Tepperman

Peel Hunt LLP                                           +44 (0) 20 7418 8900

Matthew Armitt / Ross Allister

Redleaf Communications                                   +44 (0)20 7382 4769

Charlie Geller / David Ison

Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/7164R_1-2016-12-13.pdf

Contact:
RNS
Customer Services
0044-207797-4400
[email protected]

Source: Anglo Pacific Group PLC

You May Also Be Interested In

• Tenet Announces Corrective Continuous Disclosure Filings Following OSC Review
• Exo-Top, NurExone’s wholly owned U.S. Subsidiary, Enters Into Binding MOU For Naïve Exosome Distribution in Mexico
• Quantum to Announce Fiscal Fourth Quarter and Full Year 2026 Financial Results on June 25, 2026