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RIO Rio Tinto Limited

129.69
0.22 (0.17%)
Last Updated: 05:58:28
Delayed by 20 minutes
Share Name Share Symbol Market Type
Rio Tinto Limited ASX:RIO Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.22 0.17% 129.69 129.68 129.69 129.87 128.55 129.40 577,251 05:58:28

Anglo Pacific Expects Better Royalties From Australia Mine

14/10/2014 2:37pm

Dow Jones News


Rio Tinto (ASX:RIO)
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LONDON-- Mining investor Anglo Pacific Group PLC (APF.LN) Tuesday said income from its main producing royalty, the Kestrel coal mine in Australia, is expected to be significantly higher than previously assumed based on a recent update from miner Rio Tinto PLC (RIO.LN).

The Company had previously expected minimal royalty income from Kestrel for the first half of 2015, but now expects approximately 22% of production from Kestrel in to be within the Company's royalty lands.

Shares at 0833 GMT, up 17 pence, or 14.6%, at 129 pence valuing the company at GBP150.5 million ($242.2 million).

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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