About 500 Jobs in Doubt as Coal Mine Owner Enters Administration

Bowen Coal Goes Under as Increased Mining Royalties Bite

The owners of Bowen Coking Coal have placed the company into liquidation but say its operations will continue to trade on a “business-as-usual basis while a sale and/or recapitalisation process is undertaken.” “This includes the operations at the Burton Mine Complex located in the Bowen Basin of Queensland, which will continue uninterrupted,” it said in an investor announcement. Mark Holland and Shaun Fraser from restructuring firm McGrathNicol …

ThePatriotLight - Bowen Coal Goes Under as Increased Mining Royalties Bite

ThePatriotLight - A general view of the coal-fired Callide A Power Station in Biloela, Queensland in Australia on Jan. 19, 2025. Brook Mitchell/Getty ImagesThe owners of Bowen Coking Coal have placed the company into liquidation but say its operations will continue to trade on a “business-as-usual basis while a sale and/or recapitalisation process is undertaken.”“This includes the operations at the Burton Mine Complex located in the Bowen Basin …

About 500 jobs in doubt as coal mine owner enters administration

Bowen Coking Coal has appointed administrators after failing to negotiate deferment on its coal royalties to the Queensland government.

Queensland coal player calls in administrators - Australian Mining

Image: Vyacheslav Svetlichnyy/shutterstock.comThe fate of Bowen Coking Coal is in the hands of voluntarily-appointed administrators, but its board is hopeful a recapitalisation or sale of the business are still possible. Voluntary administrators Mark Holland and Shaun Fraser, of McGrathNicol Restructuring, were appointed on July 30, after the Queensland Revenue Office (QRO) rejected a revised request for a deferral of royalties on July 29. This …

Bowen Coking Coal enters voluntary administration

Bowen Coking Coal has entered voluntary administration, a move that has heightened concerns regarding the future of Queensland's coal industry.The post Bowen Coking Coal enters voluntary administration appeared first on Mining Technology.

Bowen Coking Coal enters administration

Burton mine complex owner Bowen Coking Coal has called in the administrators after failing to secure fresh capital or reach a suitable deal with creditors in its recent financial battles. The company announced today that it appointed Mark Holland and Shaun Fraser of McGrathNicol Restructuring as voluntary administrators for a raft of business entities. ‘The decision to appoint administrators is very disappointing and follows the rejection on 29 …