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Mine or money pit? Dartbrook coal believers stump up again

Peter Ker

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

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    Original URL: https://www.afr.com/companies/mining/mine-or-money-pit-dartbrook-coal-believers-stump-up-again-20241002-p5kfbj