AQC: AQC Finalises Dartbrook Joint Venture Agreement
AUSTRALIAN PACIFIC COAL LIMITED
- Australian Pacific Coal Limited (AQC) finalizes Dartbrook Joint Venture Agreement, increasing its direct working interest in the project from 50% to 80% and net economic interest from 50% to 70%.
- Funding arrangements for restart capex and working capital are being finalized, with a significant portion linked to a new coal marketing and offtake agreement.
- Production restart at Dartbrook underground coal mine is on track for early Q4 2023, with an updated mine plan indicating improved yields and potential to produce semi-soft metallurgical coal.
2023-05-01 08:52:00