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Anglo Pacific notes Kestrel expected to increase production by 40%

Anglo Pacific Group PLC (LON:APF) (TSX:APY) has noted that Adaro Energy has implemented changes at the Kestrel coal mine in central Queensland, Australia which is expected to increase production in 2019 by 40% compared to 2018. CEO Julian Treger tells Proactive London explains how the knock on from that will affect APG as well as commenting on their iron ore investments following the Brazilain bridge collapse.
The London and Toronto listed royalty company also pointed out that Adaro anticipates any increase in production to be well absorbed by the market due to high demand for Kestrel's premium quality coal.

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Price: 190 GBX

Market: LSE
Market Cap: £344.79 m

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Full interview: Anglo Pacific Group further increases stake in Labrador Iron...

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on 16/9/19

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