Australian thermal coal mine aims for Q4 restart on supply deal
02 May 2023
MELBOURNE, May 1 (Reuters) - Australia Pacific Coal (AQC.AX) is on track to restart a thermal
coal mine in New South Wales state in the fourth quarter after it secured a
supply agreement with a global coal buyer, it said on Monday.
The miner has been restructuring
its operations and looking for finance as it readies to produce 3 million
tonnes per year of coal from its mine in the Hunter Valley which has been
closed since 2006. In March it had said it expected to restart in the second
half of 2023.