Australian Pacific Coal Limited (ASX:AQC) Announces First Coal Sales
Milestone Achievement
Australian Pacific Coal Limited (ASX: AQC) has announced successful coal sales from the Dartbrook coal mine located in NSW’s Hunter Valley. This marks a significant achievement for the company as commercial production has commenced.
Executive Insights
Executive Chairman John Robinson stated, “The first sale of commercial quantities of coal from Dartbrook is the most significant milestone successfully achieved by AQC.” He highlighted that the company plans to refurbish the wash plant in early 2025 to further enhance operations.
Market Potential
Robinson noted that global coal demand is projected to reach 8.7 billion tonnes this year, with expectations of continued growth until at least 2027, according to the International Energy Agency.
Long-Term Vision
Since acquiring Dartbrook from Anglo LLC in May 2016, AQC has been committed to its potential, believing firmly in the growth of the world energy market. The extensive coal resources and existing infrastructure positioned at Dartbrook potentially enable it to function as a tier-one mining asset.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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