FTI Consulting launches auction for Bowen Coking Coal

FTI Consulting launches auction for Bowen Coking Coal

The firm is seeking bids for all or part of the mining company, structured as a sale or recapitalisation.

Bowen Enters Voluntary Administration

Australia’s Bowen Coking Coal announced it would enter voluntary administration after failing to find funding for its key creditors. The company appointed Mark Holland and Shaun Fraser of McGrathNicol Restructuring as voluntary administrators. The decision follows the company’s inability to secure fresh capital or to negotiate alternative commercial arrangements with BUMA Australia Pty Ltd., the Queensland Revenue Office (QRO), and the Company’s…