|Confirmation of what has previously been predicted ...
Australian coal exports to Thailand four times higher
Minerals Council of Australia
New figures show that the demand for high-quality Australian coal continues to grow throughout South East Asia with exports to Thailand four times higher in April 2016 compared to April 2015. ... ...
|Following positive developments at Berkeley Energia Limited ("Berkeley"), the Group's equity stake is valued at £10.3m (as of May 23, 2016) and the implied value of the Group's royalty, based on Berkeley's recently announced deal, is approximately $10m higher than the value carried on our balance sheet|
|Just look at the significant increase in borrowings at APF.
Debt-free to debt-burdened.
ALL IMO. DYOR.
|From the Spectator:
I’m encouraged to think that the worst is over for the mining sector. This certainly looks the case for the only mining royalty company quoted in London. Its two major coking and thermal coal producing assets in Australia have come on stream, hence royalty income rose significantly last year despite low commodity prices. Other royalty streams in iron ore, uranium and vanadium are about to contribute. Other than uranium, all commodities have recovered from their lows, supporting Anglo’s profit optimism for 2016 and 2017. The balance sheet is reasonably strong and a dividend of at least 6p per share would offer an acceptable 8 per cent yield while we await better times.|
|Another small fillip this morning:
"Anglo Pacific Group PLC
Royalty Update: Salamanca
Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE: APF, TSX: APY) is pleased to announce that Berkeley Energia Limited ("Berkeley") has entered into a US$10 million financing package with Resource Capital Funds, a significant Berkeley shareholder. The financing comprises the issue of US$5 million of Berkeley ordinary shares at a premium to the 10-day and 30-day VWAP, and US$5 million for a 0.375% net smelter return ("NSR") royalty over the Salamanca project.
In December 2009, Anglo Pacific acquired a 1% NSR royalty applicable to production from Berkeley's Spanish and Portuguese assets for A$4.1 million which continues to be its carrying value. Anglo Pacific holds 30.3 million Berkeley ordinary shares.
Julian Treger, Chief Executive Officer of Anglo Pacific, commented:
"We are encouraged by this financing event, which implies a US$13 million valuation of Anglo Pacific's existing 1% NSR royalty, a multiple of our asset value, and also minimises shareholder dilution. We look forward to Berkeley undertaking initial infrastructure development, and ultimately to first production at Salamanca."|
|At today's AGM the Chief Executive Officer gave a short presentation to shareholders on the 2015 year-end results, noting in particular the 24% increase in the year-to-date price of coking coal which could positively impact on future royalty income given the Company's current portfolio, and to a lesser extent the 45% increase in the vanadium pentoxide price during the same period.|
|Study unveils new future for coal
April 27, 2016 News Cole Latimer
A new study has shown the potential for coal’s future usage in high tech devices.
Researchers at MIT have uncovered a way to harness coal in new ways, using thin films of the material for electronic devices.
“Disordered carbon materials, both amorphous and with long-range order, have been used in a variety of applications, from conductive additives and contact materials to transistors and photovoltaics,” researchers Brent D. Keller, Nicola Ferralis, and Jeffrey C. Grossman explain in their paper in Nano Letters.
“Wwe show a flexible solution-based method of preparing thin films with tunable electrical properties from suspensions of ball-milled coals following centrifugation.”
Grossman went on to explain, “When you look at coal as a material, and not just as something to burn, the chemistry is extremely rich.”
He asked: “Could we leverage the wealth of chemistry in things like coal to make devices that have useful functionality?”
In their research, they found that different types of coal – without the refining processes typically needed for electrical components such as silicon – have ranges of electrical conductivities that span more than seven orders of magnitude.
“The measured hopping energies demonstrate electronic properties similar to amorphous carbon materials and reduced graphene oxide,” their paper states.
Keller told MIT News coal has never been studied in terms of its potential use in electronic devices.
“The material has never been approached this way before, to find out what the properties are, what unique features there might be,” he said.
The method of processing the material involves crushing the coal to a powder, putting it into a solution, and then spreading it as a thin, uniform film on a substrate – a step used in creating many different electronic devices such as transistors or photovoltaics.
The researchers found simply by adjusting the temperature at which they processed the coal the material’s optical and electrical properties could be fine-tuned.
Grossman went on to state that the low cost of the material, combined with these low fabrication costs, provide a potential new avenue for coal, and unlike grapheme or silica, does not require high levels of purity in its processing.
The study was supported through a Bose Fellows program and oil and gas company ExxonMobil through the MIT Energy Initiative and the ExxonMobil Fellow program.
|up up and away as i confidently predicted !!! er----hope so anyway. freight market on the rise which is a good signal.|
|Choppy. Glad I don't check the price every day (*cough*)|
|Anglo Pacific doubles income
Last year was terrible for commodity prices, but for Anglo Pacific (APF), 2015 was a "turning point". That's according to the mining royalty group's chief executive Julian Treger, who oversaw a 35 per cent reduction in overheads and a 149 per cent increase in royalty income.
Almost two-fifths of the top line came from Anglo's stake in Whitehaven Coal's Narrabri mine in New South Wales, which was acquired last March. Strip that out, and the business would have done well on a like-for-like basis, too, as the entitlement to Rio Tinto 's (RIO) Kestrel operations more than doubled to £3.6m. A forecast increase in the production taking place in Anglo's royalty areas in 2016 comes as coking coal prices recently posted their first increase in three years.
Meanwhile, costs fell due to a decline in headcount, lower professional fees and a reduction in bonuses. The balance sheet also looks less stretched, partly thanks to recently announced downgrade to the dividend. And while the payout remains only partially covered in 2016, asset sales, cash reserves and better cash flow should provide a buffer for management's medium-term target of a 6p a share minimum total annual dividend.
Broker Peel Hunt is forecasting full-year adjusted pre-tax profit of £6.5m, giving EPS of 3.5p, up from £4.7m and 2.5p
In broad terms, Mr Treger believes the sector is "closer to the bottom than the top", although a rapid turnaround is not expected "in the foreseeable future". The shares bounced 5 per cent on these results, but still sit on a forward dividend yield of 9 per cent. An income buy|
|I hope the share price is now as low as it's going to go......anyone any thoughts on this or on where this company is going?|
|The drop back begins|
|Hybrid coal technology proposal could double power output
6 April, 2016 Ben Hagemann
Coal-fired energy producers may gain access to a way to boost efficiency and halve their carbon emissions, thanks to a new hybrid coal gasification system developed by US scientists.
Researchers at the Massachusetts Institute of Technology (MIT) will soon publish a paper which describes a combined system for coal gasification, called an indirect carbon fuel cell (ICFC) system.
The study by doctoral student Katherine Ong and Professor Ahmed Ghoniem coupled coal gasification to a solid oxide fuel cell, suggesting this was a promising candidate for high efficiency stationary power with the potential to enable a 50 per cent reduction in carbon dioxide emissions for a given amount of power produced.
The concept was originally described by Ong, then a doctoral student, with Ronald C. Crane in the Journal of Power Sources in 1972.
Coal gasification is already used for the commercial manufacture of hydrogen gas (as well as the controversial technique of Underground Coal Gasification used by Linc Energy in Queensland), while fuel cells produce electricity by causing gas to react electrochemically with oxygen.
Ong explained that the two system both operate at high temperatures, around 800 degrees Celcius, meaning they can exchange heat with minimal energy loss.
This means that the heat generated by the fuel cell can help to sustain the gasification of coal, eliminating the need for a separate heating system, which is usually the conventional combustion of coal.
Without any burning, the system produces less ash and air pollutants that would otherwise be generated by coal combustion, and carbon dioxide is produced in a pure form that is not mixed with air as in a conventional coal power plant, which would make the process of carbon capture far easier than for present technologies.
So far the research has been conducted by simulations rather than lab experiments in order to determine that steam is more efficient for reacting with coal particles in the system, generating two to three times more power output than when carbon dioxide is used.
Ong said the next step will be to build a small-scale pilot plant to measure performance in real-world conditions, which could be achieved in a only a few years due to present availability of technology.
“This system requires no new technologies”, Ong said.
“It’s just a matter of coupling these existing technologies together well.”
Ong admitted the new system would be more expensive than conventional power plants, but capital outlays would be paid off in a short time frame due to superior efficiency and power generation capacity.
would you ,please, update your thread regarding Board members.
Mr Boycott is no longer alive and also some members have left.|
|Webcast from yesterday now up on the website:
Couple on items on Proactive :
|In the interests of keeping this comment history straight I post as follows.In early December 2015 I bought and then posted that I had purchased this stock at 53p and 57 p. I gave as some of the reasons the asset cover,albeit reduced, the likely still high yield on a likely reduced dividend.This was a constructive and as it turns out useful post in direct contradiction to the many bearish comments at the time.
Earlier I had posted a history of the company in some detail.The published accounts at that time, as always a regulatory matter, provided all the information required to make a decision on whether the market price and the book price were reasonably aligned or otherwise. Obviously I thought the stock oversold in December.
Now at 70.5p bid some twenty five percent up on my averaged price the yield has fallen to around 8.5% still high but probably safe.
As stated here many times the transformative Narrabri purchase was a snip and the CEO has now at last stated it is worth more than they paid which seeing it was such a big deal at the time should give holders some confidence in Mr Treger's deal making abilities. It is mostly upon this ability that the future of the company now lies.Elsewhere the uranium prospect is developing and might be the reason for a future rights issue, in any event another significant deal will require more external finance.With the nav and yield still supportive perhaps one can sit back and see how Mr Treger gets on in a turbulent commodity market.|
|Blimey......my spoon has just hit the floor with mouth aghast
|In my opinion only, this is the first time that APF's results RNS has an air of openness, integrity, and realism about it.
Rather than giving the normal blue-skies scenario that everything is fine, they appear to accept that they and the industry face real challenges which cannot be swept under the carpet.
APF appear to offer a good case as to how they shall be addressing these undoubted challenges going forward.
This is a breath of fresh air.
It seems clear that the dividends for the 2016 year may be reduced to a total of 6p - not such a bad thing.
APF now need to step up to the plate and do as they have been saying for a long time and really diversify the portfolio away from an over-reliance on coal.
Whilst APF continue to face many challenges, this apparently newly-found openness is a positive step in the right direction. It creates embryonic credibility and instills some early faith.
It would not surprise me if the corner has now been turned and that the share price moves forward, providing they do not let debt grow significantly and keep the dividend under strict control.
ALL IMO. DYOR.
|More good news to come......
2 Directors have been buying shares yesterday with their own money.
So expect the share price to rise to 100p short term.
Misinformed people distort the truth on this thread, so beware who you listen and what