Anglo Pacific a mining investor is a company I have held for about three weeks now and I have only just got around to posting about its excelent forward potential.
What I was really looking for was a play on coking coal as China just cant get enough of the stuff to build up its industrial infrastructure, and the World spot prices have risen drammaticaly which will lead to increased end profits for coal mining companies and coal mining investment companies.

I looked at a few options and this one easily came out on top not only that but it has other mining interests in its portfolio as you will see.

From last results year ending 31st DEC 2003.

HIGHLIGHTS

• Proposed Final Dividend of 1.3p per share (2002:- 0.65p)

• Total Dividends for the year increase by 49% to 2.6p (2002:-1.75p)

• Australian Coal Royalty Independent Valuation increases by 54% to 44.3
million

• Cash and Strategic Investments increases by 64% to 11.2 million

• Earnings of 3.7p per share (2002:- 4.09p) due to reduced coal royalties
on account of mining more on Crown Land than Private Ground

• Much stronger Royalty Flows from Private Ground expected in 2004

• Encouraging outlook for Coking Coal prices and Production Rates due to
Chinese, Indian and Far East demand

• Increased holding in substantial Canadian Coal Deposits in British
Columbia which are currently included in the accounts at negligible value

• Canadian Coal Bed Methane opportunity in British Columbia

• 40 million of Unused Tax Losses

Chairmens Comments.

Our coal royalty interests are independently valued at 44.3 million as of
December 2003 which is 15.6 million more than the valuation at 31st December
2002.

During the year your Company has participated in financings for a number of
strategic mining opportunities. Our mining operational interests and quoted
stakes in gold, diamond and PGM projects were valued at 31st December 2003 at
9.6 million. This included an unrealised profit over book value of 3.5 million
in addition to the realised gains referred to earlier. The Company also had cash
of 1.6 million at 31st December 2003.

The Mining Investments.

COAL ENERGY INTERESTS

COAL ROYALTIES

In Australia, coal royalty receipts from the Kestrel and Crinum mines, operated
by Rio Tinto and BHP Billiton respectively, were 3,376,000 (2002: 5,802,000).
The Company has increased its holding in its Canadian coal deposits in British
Columbia to 65% of the Groundhog and Peace River projects. The outlook for the
potential joint venture development of these resources has further improved due
to the increasing demand for coal products from China, Japan and the Far East as
well as North American domestic demand. The Groundhog and Peace River projects
are reflected in the accounts at negligible value.

COAL BED METHANE

The Company owns a circa 15% interest in the Merritt coal and coal bed methane
project in British Columbia. With coal bed gas prices having risen sharply
during 2003 joint venture discussions continue with potential partners to
progress this project.

GOLD AND PLATINUM GROUP METALS

At 31st December 2003 the Company had investments at a market value of 9.6
million in gold, diamond and platinum projects based mostly in North America and
Australia.

The Company's strategy continues to be to acquire projects that expect to yield
dividend and royalty cashflow as well as substantial share appreciation in the
next few years. The two largest strategic mining stakes of the Company are in
Kirkland Lake Gold and Platinum Australia .

• Kirkland Lake Gold is now producing gold at its Macassa mine in Northern
Ontario . Its higher market rating has resulted in a substantial capital
gain for the Company on its holding. Kirkland Lake Gold is still
discovering gold at grades in excess of 16 grams per ton and sometimes at
much higher grades and hopes to further increase gold production in 2004.
Other strategic holdings include Aquiline Resources, Starfield Resources and
Muscox Minerals.

TALC

The Board continues to look for a joint venture funding partner for the
Company's Shetland talc interests. The company intends to jointly mine this
deposit with a view to establishing a royalty flow in due course.

OUTLOOK

The outlook for coking coal prices remains extremely encouraging and, with
production at the two mines in Australia expected to be at record levels and
mostly on the private ground, the Board expects much stronger coal royalties
this year. Furthermore current spot prices are well ahead of this year's fixed
contract prices which themselves are over 25% up on the previous year.

With the weakness of the US dollar and the current demand for metals and energy
fuels worldwide driven by Chinese, Indian and Far Eastern demand, the Board is
optimistic about the opportunities for its gold, diamond, base metal and PGM
interests, as well as for the substantial coal and coal gas projects that the
Company has in Canada.

Website www.anglopacificgroup.com

I think this company is a medium to long term investment and if you are interested please DYOR and you are responsible for your buying and selling timing actions.



cheers GF.

StockMarketWire.com
Anglo Pacific Group had a strong first half with further increases in royalty income driven by the performance from its Kestrel royalty, with 95% of sales falling within its land in Q2, combined with higher realised prices.

Highlights include:
- Free cash flow generated in H1 2017 of £18.9m, a 300% increase on the £4.7m in H1 2016 and comfortably in excess of £13.4m generated in FY 2016 This included £3.3m from the Denison financing arrangement, of which £1.7m related to FY 2016. This arrangement generated cash returns of C$0.5m per month on average

- Royalty income in H1 2017 of £16.1m, a 295% increase from £4.1m in H1 2016 and at 82% of the £19.7m earned for 2016 as a whole

- Increase attributable mainly to higher commodity prices, favourable exchange rate and increased mining within the group's private royalty land at Kestrel (88% in H1 2017 and 95% in Q2 2017 vs 38% in H1 2016)

- Record royalty income from Maracas Menchen reflecting strong production and a significant improvement in vanadium prices - H1 2017 average of US$5.46/lbs compared to US$3.15/lbs in H1 2016, and currently in excess of US$9.50/lbs

- Increase in overheads to £3.0m in H1 2017 from £1.8m in the corresponding period, reflecting higher staff costs, including share based payments, and increased investment costs associated with sourcing and appraising royalty transactions

- Adjusted earnings of £12.9m for the first six months of 2017, a 438% increase on the £2.4m equivalent in 2016 translating into adjusted earnings per share of 7.44p (H1 2016: 1.43p)

Chief executive Julian Treger said: "Anglo Pacific has had a very strong start to 2017, which has seen us add to our portfolio with the Denison financing arrangement, report significant further increases in royalty revenue, and become debt free.

"This gave us the confidence to implement the payment of our dividend on a quarterly basis, to match the timing of our quarterly revenue, and also to accelerate the timing of dividend payments post declaration.

"Mining at Kestrel is now firmly back to within the Group's private royalty land. It is pleasing to see that this increased volume in mined coal that is subject to the Group's royalty has coincided with a strong rebound in the coking coal price.

"This, along with the contribution from the rest of the portfolio and the recent Denison financing arrangement, has seen us post a doubling of income over the last two years and a similar outcome is expected this year.

"We have now repaid all of our borrowings, including the amounts drawn down as part of the Denison transaction, and have a fully covered dividend.

"The Group has ready access to between US$30.0-US$40.0m of cash and borrowing facilities for further royalty investments, and this is very much the focus for the second half of the year."

Macquarie today reaffirms its outperform investment rating on Anglo Pacific Group PLC (LON:APF) and set its price target at 185p.

finnCap today reaffirms its buy investment rating on Anglo Pacific Group PLC (LON:APF) and raised its price target to 157p (from 150p).

Peel Hunt today reaffirms its buy investment rating on Anglo Pacific Group PLC (LON:APF) and raised its price target to 154p (from 151p).

Peel Hunt today reaffirms its add investment rating on Anglo Pacific Group PLC (LON:APF) and raised its price target to 181p (from 160p).

Peel Hunt today upgrades its investment rating on Anglo Pacific Group PLC (LON:APF) to buy (from add) and raised its price target to 190p (from 181p).

StockMarketWire.com
Anglo Pacific Group said Wednesday total contribution from royalties increased by more than fifth in the third quarter of the year, driven by higher commodity prices and portfolio additions.

For the three months ended 30 September, total contribution from the group's royalty portfolio rose 27% to £12.1m, taking the year-to-date total contributions to £32.9m, up from £28.9m a year earlier.

As well as high commodity prices, a record quarter of revenue from Maracas Menchen of £1.4m, a 148% increase on the £0.6m year-on-year, and £0.9m contribution from Labrador Iron Ore Royalty Corp had bolstered overall growth, the company said.

Anglo Pacific also benefitted from another strong quarter at Kestrel with revenue increasing 26% compared to the same period last year.

Commodity prices across the group's portfolio remained resilient during the quarter and the outlook for 2019 continued to improve, the company added.

The total dividend for the year would not be less than 7p a share.

'With the addition of the LIORC investment, our portfolio has grown during the quarter by adding an additional immediate revenue stream whilst being aligned with our strategy of diversifying income sources, commodity and geographical exposure with a focus on premium quality product, said Julian Treger, Chief Executive Officer.

'Our portfolio continues to deliver growth with Q3 2018 contributing £12.1m taking total year to date royalty contributions to £32.9 million, an increase of 20% compared to the same period in 2017.'

'We remain in a very strong financial position and, with our new borrowing facility, have ample liquidity available to continue growing and diversifying our portfolio, building on the considerable progress we have made so far in 2018.'

Q4 2018 and year end 2018 Trading Update
Anglo Pacific Group PLC ("Anglo Pacific", the "Company" or the "Group") (LSE: APF, TSX: APY), the London and Toronto listed royalty company, issues the following trading update for the period 1 October 2018 to 18 January 2019, which includes certain information for the year ended 31 December 2018. This update is ahead of the release of the full year results on 27 March 2019. Unless otherwise stated, all unaudited financial information is for the quarter or year ended 31 December 2018.

Highlights
§ Record year of portfolio income in 2018 of £48-50m, a ~15% increase on the £42.4m equivalent in 2017

§ Portfolio income is made up of £45-47m from royalties with the balance of ~£3.0m being the proceeds from the Denison financing arrangement (2017: £37.4m and £5.0m respectively)

§ Q4 2018 is the third highest quarter of revenue from Kestrel of £9-10m (A$18-19m), and the highest single quarter since Q2 2010

§ Record year of revenue from Maracás Menchen of £5-6m, a ~180% increase on the £2.0m received in 2017, driven by strong vanadium prices and now representing the Group's second largest royalty

§ Strong contribution from the Group's recent Labrador Iron Ore Royalty Corporation ("LIORC") investment of £1.9m, mainly earned in the second half of the year - LIORC's Q4 2018 dividend implies an annualised yield of ~10%

§ Net debt of £3.1m at 31 December 2018 (2017: net cash of £8.1m) following ~£38m of acquisitions and £13.1m of dividend payments during 2018

§ Borrowings expected to be repaid in full at the start of February 2019 after receipt of Q4 2018 royalty income, leaving up to a potential $90m available for growth through the Company's credit facility

§ Total dividend for 2018 will not be less than 7p, of which 4.875p has already been paid or declared (2017: 7p)

Potential for further volume growth at Kestrel
§ Preliminary information received from the operator, EMR Capital and Adaro Energy suggests that there could be a material uplift in production in 2019, comfortably in advance of 10% above the current broker consensus of 5.15mt

§ Anglo Pacific is currently working with the operator to validate these preliminary numbers with a view to obtaining further information in relation to the mine plan going forward, and will update the market once we are in a position to do so

Julian Treger, Chief Executive Officer of the Company, commented:
"2018 has seen yet another record year of income for Anglo Pacific. Including the cash received from the Denison financing arrangement, total income for the year is expected to be £48-£50m, well in advance of the £42.4m generated in 2017. We end the year in a very positive position, with the expectation of returning to a net cash position at the end of January 2019 and up to $90m of liquidity available in order to finance acquisitions. With the cost of capital in the mining sector increasing over the past six months, we are now seeing more investment opportunities to deploy capital and add to the £38m of acquisitions we made in 2018.

The commodities from which our revenue is derived enjoyed a very strong year. Both coking and thermal coal remained at levels far in excess of most commentators' expectations at the beginning of the year. Vanadium was the stand out performer in the period, which led to the income generated from our Maracás Menchen royalty increasing by ~180%, to become our second largest source of income.

Should the suggested significant increase in Kestrel volumes eventuate, Anglo Pacific would, subject to commodity pricing, see a noticeable uplift in revenue. In such circumstances this should have positive implications for the level of dividends in 2019.

With further growth to come from our existing portfolio, the focus for the year ahead is now firmly on recycling this revenue into additional royalties.