SOURCE: Anglo Pacific Group PLC

November 08, 2013 09:00 ET

Anglo Pacific Group PLC: Interim Management Statement

LONDON, UNITED KINGDOM--(Marketwired - Nov 8, 2013) -


TSX: APY
November 8, 2013

                         Anglo Pacific Group PLC
                      Interim Management Statement

Anglo Pacific Group PLC ("Anglo Pacific", the "Group" or the "Company")
(LSE: APF) (TSX: APY) today releases its interim management statement
for the period July 1, 2013 to November 7, 2013.

Highlights

* Royalty income in the third quarter of GBP3.2m (Q3 2012:
  GBP5.0m), driven by royalty income from Kestrel
* Cash and cash equivalents of GBP13.0m as at September 30, 2013
 (GBP16.4m at June30,2013)
* Appointment of Julian Treger and Mark Potter as Chief
  Executive Officer and Chief Investment Officer respectively, and
  election onto the Board
* Issue of 1,282,049 new ordinary shares in the Company for
  total proceeds of GBP2.5m
* Announcement of strategic co-investment agreement with
  FlowStream Commodities Ltd, as part of an oil and gas royalties and
  streaming venture

Julian Treger, Chief Executive Officer of Anglo Pacific, commented:"The
Company remained profitable in the third quarter with steady
income from Kestrel. Given that 2013 to date has been a challenging
period for commodities and the mining sector, we are encouraged by our
performance. We are also pleased to have partnered with FlowStream,
whose expertise and deal flow in the oil & gas sector will prove
invaluable as we seek to further diversify into cash producing assets."

For further information:

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

Julian Treger - Chief Executive Officer
Mark Potter - Chief Investment Officer
Georgia Vranaki - Head of Marketing and IR
Kevin Flynn - Chief Financial Officer

Website:                                   www.anglopacificgroup.com 

Liberum Capital                                  +44(0) 20 3100 2000

Chris Bowman
Ryan de Franck

Bell Pottinger                                   +44(0) 20 7861 3232

Lorna Spears
James MacFarlane

Notes to editors:

About Anglo Pacific Group PLC

Anglo Pacific Group PLC is a global natural resources royalties
company. The Company's strategy is to expand its mineral royalty
interests in long-life assets. The Company achieves this through both
direct acquisition and investment in projects at the development and
production stage. It is a continuing policy of the Company to pay a
substantial proportion of these royalties to shareholders as dividends.

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 the associated PDF document:

 http://www.rns-pdf.londonstockexchange.com/rns/5175S_1-2013-11-7.pdf 





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          The company news service from the London Stock Exchange

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