
Long lead orders as Australian Pacific Coal targets Dartbrook restart mid-2024
Australian Pacific Coal Limited (ASX: AQC) has placed orders for critical equipment and long lead items, including underground conveyor systems, as it works towards restarting the Dartbrook mine in Hunter Valley, NSW. With the company targeting coal production mid this year, drawdowns have commenced from its $90m (US$60m) debt facility in January with Dartbrook coal’s sole marketing agent Vitol Asia Pte Ltd. Materials for the refurbishment of the above ground coal handling and preparation plant (CHPP) and train load out have also been ordered and, as of 8 March, the Dartbrook JV which comprises AQC (80%, via subsidiaries) and Tetra Resources Pty Ltd (20%, via subsidiaries) has $29m (US$19m) in cash balance. AQC interim chief executive Ayten Saridas says this…









