Anglo Pacific expects another record year as vanadium buoys royalty income

Date: Nov 1, 2018

Brazil-based vanadium producer Maracás Menchen was the best performer

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Higher vanadium and coal prices again boosted mining royalty specialist Anglo Pacific Group PLC (LON:APF).

Income rose 27% to £12.1mln in the three months to September for a nine-month total of £32.9mln (£28.9m).

WATCH: Higher vanadium and coal prices again boost Anglo Pacific Group

Brazil-based vanadium producer Maracás Menchen was the best performer, lifting its contribution by 146% to £1.4mln as the price of the steel additive soared.

Australian coking coal asset Kestrel improved by 26% as coal prices increased, while a special dividend meant a £0.9mln contribution from the recent acquisition of Labrador Iron.

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