Dartbrook producing coal once more
The Dartbrook mine, in the Hunter Valley of New South Wales, has produced coal for the first time since the mine was placed into care and maintenance 18 years ago, Australian Pacific Coal (AQC) announced on Thursday.
Coal from the Kayuga seam was delivered to surface for stockpiling on Wednesday evening, the ASX-listed company announced on Thursday.
"By producing coal to surface, we have demonstrated the exciting potential of the Dartbrook mine. To do so in such a short period is an extraordinary achievement. In just 18 months, we have simplified the joint venture, secured $60-million in restart capex, finalised land and water access agreements, dewatered and refurbished the Hunter Tunnel, sourced and commissioned mining equipment, and installed a brand-new 4 km conveyor system. I am proud of the dedication and efforts by everyone who has contributed to and supported the restart of Dartbrook,” said MD and CEO Ayten Saridas.
Commissioning remains under way and the company expects to bring the mine into commercial production in the coming weeks.
Saridas stated that AQC was close to finalising port and rail agreements, as well as a working capital facility. Further, the results of bulk sample testing for thermal quality and metallurgical coal potential were expected this quarter.
The Dartbrook joint venture (JV) comprises AQC (80%) and Tetra Resources (20%). M-Resources will receive a 10% indirect economic interest in the JV through AQC, reducing AQC’s effective economic interest to 70%.
Vitol Asia is the sole marketing agent for Dartbrook coal.
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