MANAGEMENT

AusPac secures loan extension as Dartbrook appeal continues

AUSTRALIAN Pacific Coal has reached agreement with Trepang Services to extend the maturity of a $7.7 million loan in relation to its Dartbrook underground project in New South Wales to September 30.

The secured vendor finance loan of $7.7 million was initially provided in connection with the company’s acquisition of Anglo American Metallurgical Coal Assets’ interest in the Dartbrook project.

The secured vendor finance loan of $7.7 million was initially provided in connection with the company’s acquisition of Anglo American Metallurgical Coal Assets’ interest in the Dartbrook project.

This comes as AusPac remains in conciliation discussions with the New South Wales Independent Planning Commission over an appeal against its determination of Modification 7 to the development consent for...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.