tiprankstipranks
Trending News
More News >

Australian Pacific Coal Reports Progress on Dartbrook Financing Amid Default Events

Story Highlights
Australian Pacific Coal Reports Progress on Dartbrook Financing Amid Default Events

Don’t Miss TipRanks’ Half-Year Sale

The latest announcement is out from Australian Pacific Coal ( (AU:AQC) ).

Australian Pacific Coal Limited has announced an update on the senior secured finance facility for the Dartbrook project, indicating that Events of Default are currently subsisting due to unsatisfied Conditions Subsequent. Despite this, Vitol Asia Pte Ltd, the senior lender, is not taking further action and has shown continued support by increasing funding. The Dartbrook JV is making progress with coal railing and expects to meet the remaining conditions soon, with a focus on commencing exports of its thermal coal product.

More about Australian Pacific Coal

Australian Pacific Coal Limited (ASX: AQC) is involved in underground mining operations at the Dartbrook Coal Mine, located in the Hunter Valley, NSW. The company focuses on producing high-quality, high-energy, low-sulphur thermal coal and benefits from access to world-class infrastructure and a skilled workforce. The Dartbrook Joint Venture includes Australian Pacific Coal Limited and Tetra Resources Pty Ltd.

Average Trading Volume: 1,224,201

Technical Sentiment Signal: Sell

Current Market Cap: A$38.53M

See more insights into AQC stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1