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Australian Pacific Coal Limited ( (AU:AQC) ) has shared an update.
Australian Pacific Coal Limited has successfully commenced the commercial production of coal from its Dartbrook project, marking a significant milestone following years of inactivity. The production ramp-up is supported by the operation of two continuous mining units, with a third expected to be operational soon. The company has secured financing and partnerships to facilitate this expansion, including a substantial debt facility with Vitol Asia Pte Ltd and a Port and Rail Access Agreement. Additionally, a refurbishment program for the wash plant is underway, targeting completion in the first half of 2025. The company aims to extend its mining operations by six years, pending approval from the New South Wales Department of Planning, Housing and Infrastructure. These developments are expected to enhance the company’s market position and provide employment opportunities, despite the competitive labor market.
More about Australian Pacific Coal Limited
Australian Pacific Coal Limited is involved in the coal mining industry, primarily focusing on the production and sale of coal. The company is engaged in the development and operation of the Dartbrook coal project, which aims to supply both unwashed and high-quality washed coal to domestic and international markets.
YTD Price Performance: -26.00%
Average Trading Volume: 1,188,807
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$53.94M
For an in-depth examination of AQC stock, go to TipRanks’ Stock Analysis page.
