Anglo Pacific Share Discussion Threads

[quepassa] 24/7/2015 08:23

Anglo American PLC today reports a $3billion LOSS for first half of 2015 as it takes a one-time $3.5billion write-down of assets.

Another industry giant forced to write down asset valuations.

ALL IMO> DYOR.
QP

[quepassa] 23/7/2015 09:55

Two months after BHP created and floated South32, the shares are already down 16%.

According to today's article on South32 in The Ft, South32 is already facing $1.9bn of impairments on assets producing manganese and coal reflecting a deterioration in market conditions for these commodities.

A further organisation facing impairments on coal assets.

ALL IMO. DYOR.
QP

[christh] 20/7/2015 13:45

Narrabri mine record production
Whitehaven Coal has announced record Narrabri mine production for the quarter and fiscal year ending June 30, 2015. Run of Mine ("ROM") coal production for the quarter was 2.7 Mt, up 57% compared to 1.7 Mt in the quarter ended June 30, 2014. Saleable coal production for the quarter was 2.3 Mt, with coal sales of 2.2 Mt. ROM and saleable coal production in the fiscal year ending June 30, 2015 were 7.7 Mt and 7.2 Mt respectively, 36% and 37% higher than the previous fiscal year.

As previously announced by Whitehaven Coal, a scheduled annual longwall changeout is planned to begin in August 2015 with a target changeout period of five weeks.

Anglo Pacific acquired the royalty on March 11, 2015 and is entitled to royalty income over 100% of sales from the Narrabri mine from January 1, 2015.

Julian Treger, Chief Executive Officer of Anglo Pacific, commented:

"We are pleased to see Whitehaven Coal achieve a second consecutive quarterly production record at Narrabri. The realised fiscal year 2015 ROM production of 7.7 Mt, substantially higher than Whitehaven Coal's previous guidance of 6.5 Mt at the time of the royalty acquisition along with the more recent guidance of 7.0 Mt to 7.2 Mt, represents the delivery on our strategy to acquire royalties with strong production upside potential. This, along with an expected continued recovery of production within our Kestrel royalty area will further underpin Anglo Pacific's dividend."

[quepassa] 20/7/2015 12:16

Whitehaven Coal. The full story. Released last week. June Quarter Report:-

Market Outlook.

Chinese imports of both metallurgical and thermal seaborne coal during the first half of calendar year 2015 have declined significantly following the introduction of new import policies. Although Whitehaven is not selling
to China, the lower demand from the seaborne market has caused coal prices to fall. In response, several producers have cut metallurgical coal production and redirected their coal into other end markets. For example, exports of metallurgical from the United States in the first half of 2015 are about 20% lower than in 2014. However, increases in metallurgical coal production from Queensland’s Bowen Basin producers have largely offset the United States reductions and when combined with a softening in Chinese steel production,
has left the seaborne metallurgical coal market oversupplied. These factors have caused prices for metallurgical coal to fall, with the Q3 hard coking coal price settlement of US$93/t, 15% below the Q2 settlement and at the low end of market expectations.


-Oversupplied
-Q3 coal price 15% below Q2
-low end of market expectations
-Lower demand seaborne coal
-Several producers have cut metallurgical coal production


Also, elswehere in the Report, mention of stockpiling at Narrabri:-




ALL IMO. DYOR.
QP

[cwa1] 20/7/2015 12:08

Freudian slip bolador? :-)

The latest issue of the New Scientist reports that the use of cola continues to rise globally

[neilyb675] 20/7/2015 11:59

Coal......past, present and future.

[bolador] 20/7/2015 11:50

The latest issue of the New Scientist reports that the use of cola, well coal any way, continues to rise globally and that in Asia and Africa new coal burning plants are being built to take advantage of the low coal price.

[piedro] 20/7/2015 09:44

QP,

It would seem that all reports agree that dirty coal is dirty and that the more developed economies of USA and Europe are already cutting back. That, really does not have much effect on Anglo Pacific.

To quote your article ...
2. Even China Is Approaching Peak Coal
The biggest power investments are now happening in renewable energy, but fossil fuels will be with us for decades to come. The global burning of coal won't peak on a global scale until around 2025, according to BNEF. But that doesn't indicate a thriving industry. Even China, the world's biggest consumer of coal, wants to be rid of it. ... ...

- peak coal around 2025. Thus, Anglo Pacific have 5-10 years to put their portfolio in order.

[djgrantb] 20/7/2015 09:35

Buenos Dias, QuePassaHombre, you really must get out more ?

[quepassa] 20/7/2015 09:17

Just in case anyone missed it, the once mighty Walter Energy Inc filed for bankruptcy under Chapter 11 the other day.

A big name to go bankrupt.

They are known as a pure play metallurgical coal mining company.

Another victim of the enormous fall in the price of coking coal. The story is widely found on the web.

Seems pretty certain that shareholders will end up with nothing as Walter Inc struggles with creditors over its $5billion debt pile.


Further evidence of the highly negative sector backdrop and enormous difficulties in the coal mining industry.

ALL IMO. DYOR.
QP

[neilyb675] 19/7/2015 15:09

RCTurner2
17 Jul'15 - 14:46 - 7450 of 7451 1 1 (Filtered)
QuePassa
19 Jul'15 - 15:07 - 7451 of 7451 0 1 (Filtered)

[quepassa] 19/7/2015 15:07

"THE LATEST SIGN THAT COAL IS GETTING KILLED

Coal is a sick dragon, and the bond market wields a heavy sword."



See this recent Bloomberg article:-







And for the latest on coking/metallurgial coal, another recent Bloomberg report:-





ALL IMO. DYOR.
QP

[rcturner2] 17/7/2015 14:46

Your post only has one red thumb, yet apparently two people vote it down you say?

I think we know who is the bigger prat here.

Remember your basic maths fail? I do.

[christh] 17/7/2015 10:08

It is quite noticeable with every one of my posts QuePassa votes it down!!!!

...and RCTurner2 too!

Hopefully they win a prize! Biggest Prat of ADVFN!!!!!

[christh] 17/7/2015 09:42

APF IN FOR MORE PROFITS
----------------------------------
Producing Royalties
1. Kestrel Coking Coal
2. Narrabri Thermal & PCI Coal
3. Maracás Vanadium
4. Four Mile Uranium
5. El Valle-Boinás/Carles Gold, Copper & Silver
6. Amapá & Tucano Iron Ore

Development Royalties
7. Salamanca

Uranium Early Stage Royalties
8. Pilbara Iron Ore
9. Ring of Fire Chromite
10. Dugbe 1 Gold

[neilyb675] 17/7/2015 09:34

COAL IS ESSENTIAL

[quepassa] 17/7/2015 09:31

Higher coal output at a time of lowered consumption only means one thing. And one thing alone.

Lower coal prices.

ALL IMO. DYOR.
QP

[christh] 17/7/2015 09:07

Whitehaven Coal posts 66 per cent production increase

17 July, 2015 Vicky Validakis

Whitehaven Coal lifted production by 66 per cent in in the June quarter due to the continued ramp up of Maules Creek mine.

The miner produced 4.75 million tonnes of saleable coal during the June quarter, up from 2.87 million tonnes a year ago.

Total coal sales for the year were 13.987Mt, a 29 per cent increase over the previous year following the inclusion of sales from Maules Creek for the first time.

1.4 million tonnes of coal was produced at Maules Creek, which has only been open for around six months.

Whitehaven said the annualised production rate of 6 Mt was achieved at Maules Creek during the quarter, with the next expansion phase to an annualised rate of 8.5Mt planned to occur later in CY2015 as more mining equipment is introduced into the mine.

Narrabri mine also saw strong production in the quarter, with ROM and saleable coal production at 2.671Mt and 2.346Mt respectively, 57 per cent and 69 per cent higher than the previous corresponding quarter.

WWW.miningaustralia.com.au

[neilyb675] 17/7/2015 08:25

ANOTHER FANTASTIC RNS RELEASED TODAY.

[christh] 17/7/2015 07:40

Narrabri mine record production
Whitehaven Coal has announced record Narrabri mine production for the quarter and fiscal year ending June 30, 2015. Run of Mine ("ROM") coal production for the quarter was 2.7 Mt, up 57% compared to 1.7 Mt in the quarter ended June 30, 2014. Saleable coal production for the quarter was 2.3 Mt, with coal sales of 2.2 Mt. ROM and saleable coal production in the fiscal year ending June 30, 2015 were 7.7 Mt and 7.2 Mt respectively, 36% and 37% higher than the previous fiscal year.

As previously announced by Whitehaven Coal, a scheduled annual longwall changeout is planned to begin in August 2015 with a target changeout period of five weeks.

Anglo Pacific acquired the royalty on March 11, 2015 and is entitled to royalty income over 100% of sales from the Narrabri mine from January 1, 2015.

Julian Treger, Chief Executive Officer of Anglo Pacific, commented:

"We are pleased to see Whitehaven Coal achieve a second consecutive quarterly production record at Narrabri. The realised fiscal year 2015 ROM production of 7.7 Mt, substantially higher than Whitehaven Coal's previous guidance of 6.5 Mt at the time of the royalty acquisition along with the more recent guidance of 7.0 Mt to 7.2 Mt, represents the delivery on our strategy to acquire royalties with strong production upside potential. This, along with an expected continued recovery of production within our Kestrel royalty area will further underpin Anglo Pacific's dividend."

[quepassa] 17/7/2015 06:00

Hi Piedro,

Thanks for confirming reduction in coking coal from Q1 to Q2.

Jump in thermal output over same period but small reversal in coking.

All eyes will be on those quartely production figures going forward.

Maybe a blip along the way as production apparently was due to have been ramping up but counter-intuitive that thermal production rose significantly but coking coal production fell q-on-q by some 8 or 9%.

A question in my mind is whether Rio consciously may or may not have chosen to mine less coking coal due to the massive price slump in this commodity


I like the clear and straightforward way you/Rio have shown the consecutive quartely figures for output. Very easy to read and understand. Maybe APF could take a leaf out of the same book. Wouldn't it be better in my opinion for investors if APF did the same.

ALL IMO. DYOR.
QP

[piedro] 17/7/2015 00:13

QP,
Looks like Kestrel production REDUCED from Q1 to Q2 rather than increasing in my opinion.

There is always some variation between one quarter and the next, what is important is the trend

[christh] 16/7/2015 09:37

APF ownwards and upwards.
Kestrel output and profits are rising as the ceo stated until 2017.
The share price will go to 150p by Xmas in my opinion!
The divi might increase for the final divi.

[neilyb675] 16/7/2015 09:28

QuePassa
16 Jul'15 - 09:12 - 7436 of 7437 0 1 (Filtered)
RCTurner2
16 Jul'15 - 09:24 - 7437 of 7437 0 1 (Filtered)