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Dartbrook financing clears way for first coal by Q4

AUSTRALIAN Pacific Coal has secured finance from a global commodities group to fund its Dartbrook underground coal mine in New South Wales to first coal, which is expected in the next quarter.

Lou Caruana
AusPac's Dartbrook coal project in NSW.

AusPac's Dartbrook coal project in NSW.

AusPac said it received a non-binding letter of intent from the commodities trading firm for up to US$50 million in debt funding. AusPac interim chief executive Ayten Saridas said getting the debt funding...

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