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Australian Pacific Coal ( (AU:AQC) ) has issued an update.
Australian Pacific Coal Limited has announced an increase in its senior debt facility from US$104 million to US$108.6 million to provide additional working capital for the Dartbrook Joint Venture. This financial update is aimed at supporting the short-term funding needs of the Dartbrook Project, particularly during the recommissioning of the wash plant and the ramp-up of underground operations. The continued support from Vitol Asia Pte Ltd is expected to facilitate the anticipated sales of washed coal, thereby strengthening the company’s operational capabilities and market positioning.
More about Australian Pacific Coal
Australian Pacific Coal Limited (ASX: AQC) operates in the coal mining industry, focusing on the production of high-quality, high-energy, low-sulphur thermal coal. The company has recently resumed underground mining operations at the Dartbrook Coal Mine, located in the Hunter Valley, NSW. The Dartbrook project benefits from access to world-class infrastructure and a skilled workforce, with Australian Pacific Coal holding a significant interest in the joint venture.
Average Trading Volume: 1,315,496
Technical Sentiment Signal: Sell
Current Market Cap: A$55.34M
For detailed information about AQC stock, go to TipRanks’ Stock Analysis page.