Royalties plunge at Anglo Pacific
Anglo Pacific, the natural resources royalties company, said income from royalties plunged in the first half but upped its dividend nonetheless.
Anglo Pacific, the natural resources royalties company, said income from royalties plunged in the first half but upped its dividend nonetheless.
The firm operates by acquiring a percentage of sales revenue from mining projects, without any liability for production costs or capital expenditure.
In the first half of 2012 its stakes netted the firm £6.9m, compared with £16.3m the year before.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The company blamed operational issues and bad weather, which it said hit royalty income from its Kestrel project in Australia.
"The level of production output on the group's private royalty ground at Kestrel recovered in the second quarter and should continue in the second half," said Chairman Peter Boycott.
"We are also encouraged by the progress made at a number of the group's development royalties, which should bring forward future anticipated cash flows."
Anglo increased it interim dividend by 4.7% to 4.45p per share and added that with the uncertain outlook for parts of the world economy, favourable conditions existed for acquiring additional royalties.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Two thirds of easy access savings accounts come with restrictions – can you access your savings in an emergency?
Out of the top 30 easy access savings on the market, 22 come with some sort of restriction on how fast you can access your money, according to new research.
-
Most popular London boroughs: Full list of in-demand places to move to
A deluge of people move to or within Britain’s capital each year – but which area is the most popular? We look at the most in-demand London boroughs in 2025.