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Anglo Pacific chief confident of a “much stronger” second half

Julian Treger, chief executive of mining royalty specialist Anglo Pacific Group plc (LON:APF TSX:APY) says he is confident of a “strong second quarter and a much stronger second half” of the year after royalties in the first quarter to March dropped to £1.9mln (£2.3mln).

“In the second half of the year, Rio Tinto will be mining much more in our land than in the first half of the year,” he says, adding that in the first quarter of 2016, the mining giant moved from one part of its mine to another resulting in a six week period where operations were halted.

He also says he is optimistic for Anglo’s uranium business, after the company saw income from the division for the first time in the quarter.

Quick facts: Anglo Pacific Group PLC

Price: 134.4 GBX

LSE:APF
Market: LSE
Market Cap: £2.38 m
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Anglo Pacific Group buys 'significant' stake in Brazilian Nickel Limited

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