Coal news and updates

Australian thermal coal mine aims for Q4 restart on supply deal

MELBOURNE, May 1 (Reuters) - Australia Pacific Coal (AQC.AX) is on track to restart a thermal coal mine in New South Wales state in the fourth quarter after it secured a supply agreement with a global coal buyer, it said on Monday.

The miner has been restructuring its operations and looking for finance as it readies to produce 3 million tonnes per year of coal from its mine in the Hunter Valley which has been closed since 2006. In March it had said it expected to restart in the second half of 2023.