Australian Pacific Coal, an ASX-listed company, is aiming to recommence operations at its Dartbrook mine in New South Wales by the fourth quarter of this year, pending financing. The company recently announced the successful completion of dewatering activities in the Hunter Tunnel, removing 70 megalitres of water and reducing project risks. The ventilation circuit has also been re-established, allowing for ongoing support work. To restart mining operations, Australian Pacific estimates it will need between A$100 million and A$120 million in capital funding. In June, the company provided a A$15.5 million loan to the Dartbrook joint venture to ensure progress. Australian Pacific has secured a A$3 million loan from major shareholder Trepang Services to continue remediation work at Dartbrook. The loan includes a land sale and leaseback arrangement for the coal handling and preparation plant. The company is actively engaging with potential lenders to secure the remaining capital expenditure funding. The loan from Trepang is repayable within 12 months or upon securing third-party funding. Australian Pacific has the option to obtain an additional A$2 million from Trepang in the future, pending shareholder approval. The company expects to finalize the funding package for Dartbrook in the near future, leveraging the progress made in remediation work. Pending timely financing, operations are projected to restart in the fourth quarter of 2023.