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Australian Pacific Coal Seeks to Set Aside Statutory Demand

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Australian Pacific Coal Seeks to Set Aside Statutory Demand

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Australian Pacific Coal ( (AU:AQC) ) just unveiled an update.

Australian Pacific Coal Limited has applied to set aside a statutory demand for a payment claim of A$1,074,006.85 from M Resources Trading Pty Ltd. This move indicates the company’s proactive approach to managing its financial obligations and could impact its operational stability and stakeholder confidence.

More about Australian Pacific Coal

Australian Pacific Coal Limited (ASX: AQC) operates in the 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 in the Hunter Valley, NSW, leveraging world-class infrastructure and a skilled workforce.

Average Trading Volume: 2,321,307

Technical Sentiment Signal: Sell

Current Market Cap: A$9.81M

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

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