{"id":1167717,"date":"2020-02-25T11:54:33","date_gmt":"2020-02-25T17:54:33","guid":{"rendered":"https:\/\/www.mining.com\/?p=1015054"},"modified":"2020-02-25T11:54:33","modified_gmt":"2020-02-25T17:54:33","slug":"anglo-pacific-sees-mildly-positive-impact-of-coronavirus","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1167717","title":{"rendered":"Anglo Pacific sees \u2018mildly positive impact\u2019 of coronavirus"},"content":{"rendered":"<p>Immediate impact of the coronavirus has been mildly positive as Chinese steel smelters have continued producing whilst there has been a slowdown in domestic coal and iron ore production, said Anglo Pacific (LSE: APF, TSX: APY) chief executive officer Julian Treger on Tuesday. <\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The company has released a new corporate <a href=\"https:\/\/www.anglopacificgroup.com\/wp-content\/uploads\/2020\/02\/2020.02-BMO-presentation_FINALV4.pdf\"  rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">presentation <\/a>for the BMO Capital Markets Metals and Mining conference in Miami. <\/p>\n<p>Anglo Pacific said spot prices for its commodities have held up well in 2020. Coking coal, wich makes up the the majority of earnings, is up 14%, with iron ore and pellets broadly unchanged and copper down around 7%.<\/p>\n<p>The company said &#8220;very little&#8221; of the coking coal from Kestrel mine in Queensland and the thermal coal from Narrabri, New South Wales, goes to China.<\/p>\n<p>&#8220;We continue to monitor the ever-evolving situation.\u201d concluded Julian Treger.<\/p>\n<p>On Monday, Anglo Pacific said it would no longer be investing in thermal coal assests, in a move to greener commodities. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coking coal, wich makes up the the majority of company&#8217;s earnings, is up 14%.<\/p>\n","protected":false},"author":110,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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