Anglo Pacific Group
Ende Februar wurde ein Strategiewechsel in Richtung Nachhaltigkeit angekündigt.
(weniger CO2, ESG, grüner, weg von Kohle ...)
- An increased focus on commodities that support a more sustainable world
- Consistent with our track record over the past five years, no further investment in thermal coal assets
- The establishment of a Sustainability Committee to further strengthen the Company’s already rigorous ESG due diligence processes
Entsprechend wurde für die BMO Capital Markets Metals and Mining conference in Miami eine aktualisierte Präsentation veröffentlicht.
Anfang März zusammen mit Orion eine Investition in Incoa Performance Minerals zwecks Aufbau einer Kalziumkarbonatmine (>30 Jahre) in der Dominikanischen Republik mit Verarbeitungsanlage in Alabama (USA).
(Kalziumkarbonat CaCO3, kohlensaurer Kalk) 
Zitat
High quality ground calcium carbonate is used as a functional filler agent in a variety of end-products, including sealants and caulks, adhesives, rubber and as an active ingredient in food and pharmaceutical products which primarily serve to supplement dietary calcium consumption products.
Letzte Woche wurden die Ergebnisse für 2019 veröffentlicht, die Schlußdividende soll um 32% erhöht werden.
Ausblick
- Refined investment strategy recently announced, with the Group committing to no further investment in thermal coal
- Further volume growth expected from the portfolio in 2020 subject to any impact of COVID-19 on business operations
- Kestrel owners are targeting a further 6.5% increase in saleable coal production in 2020
- Maracas operator (Largo Resources, Vanadium) is targeting further growth in 2020 following the completion of its plant expansion project in H2 2019
- Full year of revenue to come from the Group’s Mantos Blancos royalty (Kupfer) (only four months included in 2019)
- Further £5.7m LIORC (Eisenerz) addition in Q1 2020, representing the reinvestment of dividend income, taking our total stake to 7% and providing further source of revenue for 2020
- In excess of £60m (~US$75m) of available liquidity under the refinanced borrowing facility to finance growth opportunities
COVID-19 update
- Business as usual for Anglo Pacific with all staff members working remotely and investment opportunities being pursued
- No operational restrictions in force at Kestrel at the time of writing
- EVBC (Orvana Minerals, Gold Silber Kupfer) and McClean Lake (Denison, Uran) have announced short-term shutdowns of two and four weeks respectively – based on 2019 results this would have represented 1% of portfolio contribution
- IOC (Eisenerzpellets) has temporarily halted production of two (out of six) pellet machines in response to a slowdown in demand for pellets, adjusting production to meet increased demand for 65% Fe concentrate. In addition, the Quebec government has directed a reduction in activities from the port where the product is shipped to a minimum. The potential impact of these measures on sales prices and volumes is unclear at this time
- Spot prices of the commodities which underpin the Group’s revenues have held up well thus far in 2020
- Currencies have remained volatile following unprecedented Government and Central Bank intervention, but at present the impact of a weakening Australian dollar has positive implications for the Kestrel weighted average royalty rate (assuming constant coal prices)
- Effective hedging program in place during 2019 which will benefit 2020 cashflow with ~A$33m contracted forward in 2020 at an average rate of GBP:AUD of 1.86 vs spot of 2.02
geplante Schlußdividende für Q4-2019
4,125 pence 
Ex-div date: 04.06.2020
Payment date: 18.06.2020
saludos
