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Dartbrook Plunged Into Administration After Loan Default Less than a Year After Restart
- Dartbrook Coal Mine in the Hunter Valley is now in voluntary administration after defaulting on a $174 million loan from Vitol in June 2025.
- According to Australian Pacific Coal, they relied on waivers from Vitol until the conditions were satisfied, with the latest waiver expiring on May 31, 2025.
- The receivers were appointed to assess options for the long-term future of the Dartbrook Coal Mine and to facilitate a restructure of operations.
- Despite the administration, the mine continues to operate, supporting members' employment and entitlements.
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Dartbrook enters voluntary administration - Australian Mining
Dartbrook coal mine. Image: Australian Pacific CoalThe Dartbrook coal mine in New South Wales has been placed into voluntary administration and receivership after making its return to operations in late 2024. Situated in the Hunter Valley region, the Dartbrook coal mine is an 80:20 joint venture between Australian Pacific Coal and Tetra Resources. On July 4, Australian Pacific Coal announced it had appointed Richard Hughes and Timothy Heenan fro…
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Total News Sources13
Leaning Left8Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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