-10.8 C
Ottawa
Friday, December 12, 2025

Bowen Coal Goes Under as Increased Mining Royalties Bite

Date:

Bowen Coal Goes Under as Increased Mining Royalties Bite

A general view of the coal-fired Callide A Power Station in Biloela, Queensland in Australia on Jan. 19, 2025. Brook Mitchell/Getty Images

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.

About the author: Rex Widerstrom
Tell us something about yourself.
spot_imgspot_imgspot_img

Share post:

More like this
Related

Reddit Launches Legal Action Against Australias Under-16 Social Media Ban

In this photo illustration, the Reddit app is displayed...

Schools Could Adopt Mandarin Immersion Amid Falling Asian Language Enrolments

Yuli Sun, a Chinese language immersion teacher (L) checks...

Magnitude 6.7 Earthquake Hits Japans Northeast Region, Tsunami Advisory Issued

TOKYO—An earthquake with a preliminary magnitude of 6.7 ‍hit...

Lululemon CEO to Step Down in January as US Sales Decrease

Calvin McDonald, CEO of Lululemon Athletica, on the floor...