NSW coal mine to restart after 18 years
Peter KerResources reporter
An old NSW coal mine will resume production for the first time in 18 years after securing the $US60 million ($90.6 million) in funding required to restart the Dartbrook mine.
The mine’s owner Australian Pacific Coal (AQC) said European commodities trader Vitol had agreed to lend the money and would also acquire marketing rights over the thermal coal that Dartbrook produces for the life of the operation.
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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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