Half-year sales from dual-listed royalty company Anglo Pacific Group’s private royalty lands are expected to be in the range of 35% to 40%, the group announced earlier this week, after receiving notification from British-Australian multinational Rio Tinto of the invoiced payable tons for the second quarter. This represents a significant increase on the previously guided range of 20% to 25%, noted Anglo Pacific on Wednesday, adding that, while the group’s guidance for 2016 remains unchanged at 60% to 65%, the latest information suggested that this could be at the upper end of this range.
