Australian Pacific Coal Limited ( (AU:AQC) ) has provided an announcement.
Australian Pacific Coal Limited has announced an increase in its senior debt facility from US$90 million to US$104 million and secured a new A$5 million unsecured loan from Trepang Services Pty Ltd. This funding aims to provide additional working capital for the Dartbrook Joint Venture amid softer global coal prices. The company’s wash plant refurbishment is ahead of schedule, with commissioning and testing underway, and washed coal expected to be available for train loading in April. The continued support from Vitol and Trepang highlights the Dartbrook asset’s quality and potential, as well as the disciplined management by the joint venture partners.
More about Australian Pacific Coal Limited
Australian Pacific Coal Limited (ASX: AQC) is engaged in underground mining operations at the Dartbrook Coal Mine in the Hunter Valley, NSW. The company focuses on producing high-quality, high-energy, low-sulphur thermal coal, benefiting from access to world-class infrastructure and a skilled workforce.
YTD Price Performance: -46.00%
Average Trading Volume: 1,377,548
Technical Sentiment Signal: Buy
Current Market Cap: A$37.83M
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