Anglo Pacific Group PLC Interim Results for the Three and Nine Months Ended September 30, 2011

Anglo Pacific Group PLC (LSE:APF,TSX:APY) announced the company’s Q3 and year-to-date results.

As quoted in the press release:

On August 2, 2011, the Group announced the purchase of an existing 1% NSR royalty over the Black Label, Black Thor and Big Daddy chromite deposits in Ontario, Canada, from KWG Resources Inc (“KWG”). These projects are operated by Cliffs Natural Resources (“Cliffs”) and form part of Cliffs’ organic growth plans in the “Ring of Fire” area in northern Ontario. The consideration for the acquisition was US$18 million.

Anglo Pacific’s Chairman, Peter Boycott said:

“We have continued to see a strong performance in our royalty portfolio and growth in our royalty income compared with the corresponding period in 2010, which demonstrates the strength of both our business model and strategy.”

Click here to read the Anglo Pacific Group PLC (TSX:APY) press release.