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Coal|Energy|PROJECT|Resources|Underground|Operations
Coal|Energy|PROJECT|Resources|Underground|Operations
coal|energy|project|resources|underground|operations

Dartbrook JV upsizes debt facility to boost working capital

30th May 2025

By: Creamer Media Reporter

     

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The joint venture (JV) behind the Dartbrook coal mine in New South Wales has increased its senior secured debt facility to provide additional working capital ahead of a planned ramp-up in washed coal sales.

The Dartbrook JV, comprising Australian Pacific Coal and Tetra Resources, has amended its financing agreement with Vitol Asia, increasing the facility by $4.2-million to $112.8-million, up from $108.6-million previously.

"The updated facilities provide additional working capital to cover short-term funding needs of the Dartbrook project, in anticipation of a ramp-up in washed coal sales," the company said in a statement. "The terms of the facility are consistent with the previous senior refinancing."

Located in the Hunter Valley, about 10 km north-west of Muswellbrook, Dartbrook resumed underground operations in 2024 after a restart capital programme. The mine has a history of producing high-quality, high-energy, low-sulphur thermal coal.

Australian Pacific Coal holds an 80% direct interest and a 70% economic interest in the JV via subsidiaries, with Tetra Resources holding the remaining 20%.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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