Latest Australian Pacific Coal (Asx:Aqc) News

Australian Pacific Coal’s Dartbrook Mine has entered voluntary administration and receivership, with the company’s interest now considered to hold no value amid mounting secured debt pressures. Despite this, the company remains solvent with limited cash reserves and continues to assess its next steps.

Australian Pacific Coal Limited has successfully challenged a statutory demand for payment, securing a favourable Supreme Court ruling that removes a significant legal threat.

Australian Pacific Coal Limited has delayed its full year accounts due to missing financial data from its Dartbrook mine subsidiary, leading to a trading suspension from October 1.

Australian Pacific Coal Limited has applied to set aside a statutory demand for over $1 million, a move that unfolds alongside its recent restart of underground mining at the Dartbrook Coal Mine.

Australian Pacific Coal Limited has entered receivership over its Dartbrook Joint Venture assets following a senior secured debt default, casting doubt on the value of its 80% stake. Despite holding cash reserves, the company assumes no value in the joint venture amid ongoing financial distress.

Australian Pacific Coal faces creditor pressure as Vitol Asia reserves rights on a parent guarantee, while the company insists it remains solvent amid uncertainty.

Australian Pacific Coal Limited has been served a statutory demand for over A$1 million by M Resources Trading Pty Ltd, linked to a previously announced management fee. The company is reviewing the claim while continuing operations at its Dartbrook mine.

Australian Pacific Coal Limited has announced receivership over its Dartbrook Mine assets following the operator's voluntary administration, signaling a significant setback for the company’s joint venture interests.

Australian Pacific Coal Limited has voluntarily suspended trading following the appointment of administrators and receivers at its Dartbrook Mine operator entities, signaling significant financial distress within the joint venture.

Australian Pacific Coal advances commissioning at Dartbrook with wash plant refurbishment underway and secures additional $14 million senior debt to support production ramp-up.

Australian Pacific Coal has marked a significant milestone with the first commercial coal shipment from its Dartbrook mine, backed by a substantial financing boost and ongoing infrastructure upgrades.

Australian Pacific Coal Limited has responded to ASX inquiries regarding recent unusual trading activity, confirming no undisclosed information exists and affirming compliance with listing rules.