AusPac is focused on ensuring that the right personnel will be in place at the mine and core site safety, environmental and operational management personnel are now being appointed, it said.

“In the coming months the company’s personnel will conduct a series of community briefings setting out its proposals for the Dartbrook mine,” it said.

“The board and management of the company are committed to ensuring that all personnel participate in developing a culture of safety and that the mine operates in accordance with best practice environmental standards.”

Dartbrook is a tier 1 asset, strategically located and well equipped with existing infrastructure and facilities, AusPac said.

“As concerns about greenhouse gas emissions increase, high quality thermal coal will remain one of the core sources for energy production. AusPac is planning to deliver quality coal to the market as soon as possible after its completion of the acquisition.”

Newly-appointed CEO John Robinson has progressed in securing the outstanding funding necessary for completion of the company’s acquisition of the Dartbrook Joint Venture.

This includes the necessary funding to buy Marubeni Coal Pty Ltd’s 16.67% interest should this be required.

Cornerstone investor Trepang Services has provided a non-binding indication that it intends to arrange for the provision of AusPac’s outstanding funding requirements.