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Why Did Australian Pacific Coal Enter Receivership on Dartbrook JV Assets?
12:33pm on Thursday 31st of July, 2025 AEST
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Mining
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Why Did Australian Pacific Coal Enter Receivership on Dartbrook JV Assets?
12:33pm on Thursday 31st of July, 2025 AEST
Key Points
Receivers and voluntary administrators appointed to Dartbrook Joint Venture assets
Senior secured debt facility upsized and fully drawn during the quarter
Company assumes no value in its 80% interest in Dartbrook Mine
Group-level cash reserves of $4.3 million remain, but JV cash considered impaired
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Australian Pacific Coal (ASX:AQC)
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