A long-delayed plan to revive the Dartbrook coal mine after an 18-year hiatus will require yet more money from patient backers such as John “Foxy” Robinson, Nicholas Paspaley and Swiss trading company Vitol.
Dartbrook’s owner, Australian Pacific Coal (AQC), has launched a $20 million equity raising to get the company through to first commercial sales, which are now set to begin almost a year behind schedule.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com