🕐11.08.11 - 08:27 Uhr

ANGLO PACIFIC GROUP PLC - INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2011



Please find attached the Interim Results by Anglo Pacific Group Plc, the FTSE 250 Mining Royalties company.
August 11, 2011
Anglo Pacific Group PLC Interim Results for the six months ended 30 June 2011
Anglo Pacific Group PLC (Anglo Pacific or the Company) (LSE: APF) (TSX: APY) is pleased to announce the interim results for the six months ended June 30, 2011.
Highlights:
� Record royalty income for the period of �16.4 million compared to �15.7 million in the first half of 2010. � Interim dividend increased by 7.6% to 4.25p per share (2010: 3.95p) in line with progressive dividend policy. � Strong cash position at June 30, 2011 of �36.7 million compared to �28.3 million at December 31, 2010, with no borrowings or hedging. � El Valle, the gold-copper mine in Spain, entered production in June, increasing the number of producing royalties in the portfolio to five. � Two recent chrome and iron ore royalty acquisitions made in August 2011. � The Group now owns a total of 17 royalty interests. � Total assets of �410 million at June 30, 2011 (�416 million at December 31, 2010). � Cash resources increased due to recent sale of First Coal Corporation shareholding.
John Theobald, CEO of Anglo Pacific, commented:
"The record royalty income that the Company achieved in the period is testament to the quality and resilience of the royalty portfolio.

The adverse weather conditions in Australia that impacted production levels at our key royalty project, Kestrel, were offset by higher coking coal prices.
We have expanded our royalty portfolio during the period with the completion of the Araguaia option and the acquisition of two additional royalties after the period end.

This continues our strategy of adding depth and diversification to our future royalty income."
For further information:
Anglo Pacific Group PLC +44 (0) 20 3435 7400
Peter Boycott, Chairman John Theobald, Chief Executive Officer Matthew Tack, Finance Director
Liberum Capital +44 (0) 20 3100 2000
Chris Bowman Christopher Kololian
Pelham Bell Pottinger +44 (0) 20 7861 3232
Lorna Spears James Macfarlane
Website: www.anglopacificgroup.com
Notes to editors:
Anglo Pacific Group PLC is a global natural resources royalties company.

The strategy of the Group is to expand its mineral royalty interests in low-cost, long-life mining assets.

The Group achieves this through both direct acquisition and investment in projects at the development and production stage.

It is a continuing policy of the Group to pay a substantial proportion of these royalties to shareholders as dividends.
Royalties explained:
A royalty is an entitlement to an agreed percentage of a projects sales revenue, without any liability for production costs or capital expenditure.

This is the key benefit of owning a royalty.
In the mining industry, most royalties endure for the life of the resource and are paid on a regular basis.

Historically there have been different terms for royalties including Gross Revenue or Net Smelter Return ("GRR" or "NSR") royalties, which are both based on the gross sales value of the actual mineral.

Our model is based around GRR or NSR royalties as they provide the best and clearest return.
Acquiring existing royalties In this case we buy existing royalty agreements, such as those owned by exploration companies who may have retained a residual royalty in a mine they helped discover.

Royalty companies rarely sell their royalties, once acquired.
Creating new royalties Our new royalty agreements tend to come from providing financing for mining operations, usually to help progress a mine into production.
James MacFarlane Account Director Direct line: +44(0)20 7861 3864 Mobile: +44 (0) 7841 672 831 Pelham Bell Pottinger 6th Floor, Holborn Gate, 330 High Holborn, London, WC1V 7QD Tel: +44 (0)20 7861 3232 Fax: +44 (0)20 7861 3233 www.pelhambellpottinger.co.uk ....................................... A CarbonNeutral� company
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