Commodity trading major Vitol will fund the restart of a coal mine in Australia that has not been operational in 16 years. The company will provide $60 million for the mine, Dartbrook, which will be operated by a joint venture between Australian Pacific Coal and Tetra Resources. The two plan to begin production in the first quarter of 2024, Bloomberg reports. The joint venture also inked a sales and marketing deal with the commodity trading major, which will provide 100% of the money necessary to restart the mine, Australian Pacific Coal said.…
