Anglo Pacific sees ‘mildly positive impact’ of coronavirus
Wednesday, February 26, 2020 - 11:17:41 AM
Mining

According to Mining News Pro - The company has released a new corporate presentation for the BMO Capital Markets Metals and Mining conference in Miami.

Anglo Pacific said spot prices for its commodities have held up well in 2020. Coking coal, which makes up the the majority of earnings, is up 14%, with iron ore and pellets broadly unchanged and copper down around 7%.

The company said “very little” of the coking coal from Kestrel mine in Queensland and the thermal coal from Narrabri, New South Wales, goes to China.

“We continue to monitor the ever-evolving situation.” concluded Julian Treger.

On Monday, Anglo Pacific said it would no longer be investing in thermal coal assests, in a move to greener commodities.


http://www.miningnewspro.com/en/News/493212/Anglo Pacific sees ‘mildly positive impact’ of coronavirus
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