None
EN
Dartbrook Mine to be Placed Into Care and Maintenance
['Cameron Smith']
2NM
The troubled Dartbrook underground coal mine near Aberdeen will be placed into care and maintenance, just 12 months after production resumed.
The mine was placed in the hands of administrators and receivers in July owing creditors around $200 million.
The company was suspended from trading on the ASX on September 30 after it failed to lodge its annual accounts.
Article continues after this ad AdvertisementIt was purchased in 2017 by Australian Pacific Coal, despite the company having no mining experience.
According to the NSW Resource Regulator, Dartbrook currently holds $10.8 million in security bonds, short of the $14 million required.