Business
Royalty Clarification
Royalty Clarification.
About this update from Ecora Royalties Plc
[{"type":"text","content":"\n RNS Number : 9130V Anglo Pacific Group PLC 04 June 2008 \n \n\n\n\nNews Release\n\n4th June 2008 \n\n\nAnglo Pacific Group PLC \nQueensland State Announces Royalty Increase\n\nAnglo Pacific Group plc ('the Company'), the natural resources royalty company, is very pleased to highlight that in the Queensland State Budget 2008-2009 released yesterday, it was announced that from 1st July 2008 a two tier coal royalty rate will now apply. \n\nThe current 7 % rate will apply to the value of coal produced by a mine sold below $100 per tonne and a higher 10 % rate will apply to the value of coal sold above $100 per tonne. \n\nIn April 2008, coking coal prices rose sharply to between US$250 and US$300 per tonne.\n\nThe increase in the coal royalty rate also applies to royalties paid from the Company's private ground. \n\n\nFor further information:\n\nAnglo Pacific Group plc +44 (0) 20 7318 6360\nPeter Boycott, Chairman\nMatthew Tack, Finance Director\n\nNumis Securities +44 (0) 20 7260 1000\nJames Black\nJohn Harrison\n\nScott Harris +44 (0) 20 7653 0030\nStephen Scott\nJames O'Shaughnessy\n\nWebsite: www.anglopacificgroup.com\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCFJMPTMMJMBTP \n ","length":4020,"tagName":"div"}]