Bowen Coking Coal: Secures $190m to accelerate QLD assets

Bowen Coking Coal Secures $190m to accelerate QLD assets

• Bowen Coking Coal (BCB) secures $190 million from numerous funding arrangements to accelerate its development-ready coking coal assets in QLD
• The new funds will help the company finalise its acquisition of the Burton Mine and Lenton projects, as well as, ramp up production of its key assets
• Convertible notes have been issued, and funding facilities were secured with Taurus Mining and New Hope Corporation (NHC)
• The company says this will help secure strong cash flows amid the opening of its operations this year
• Shares are trading 10.1 per cent lower today at 31 cents each at 12:38 pm AEST