You are here: Home > Steel News > Latest Steel News > Australia’s...

Australia’s Bowen Coking Coal sells 10% stake in Broadmeadow mine

Wednesday, 10 July 2024 11:45:36 (GMT+3)   |   Istanbul

Australian coal miner Bowen Coking Coal Ltd has announced that it has closed the sale of a 10 percent stake in its Broadmeadow East mine to MPC Lenton Pyd Ltd, a subsidiary of Taiwan-based Formosa Plastics Group, for A$13 million, following necessary regulatory approvals.

The sale is aimed at integrating Broadmeadow into the Lenton joint venture due to the latter’s close proximity to the Burton mining complex. This way, both parties aim to create synergies from the assets together.

Similar articles

Local coke prices in China stable, coking coal imports almost halted

12 Jul | Scrap & Raw Materials

Ex-Australia coking coal price softens amid easing supply concerns, subdued demand

10 Jul | Scrap & Raw Materials

Goldman Sachs keeps iron ore price forecast stable for H2, raises coking coal price forecast

10 Jul | Steel News

Australia’s Stanmore discontinues operations at Mavis coal mine

08 Jul | Steel News

Glencore secures Canadian approval for acquisition of Teck Resources’ coal business

08 Jul | Steel News

India’s coking coal port import traffic up six percent in April-June

05 Jul | Steel News

Australia expects metallurgical coal export earnings to fall in 2025-26

04 Jul | Steel News

MOC: Average steel prices in China down slightly during June 24-30

04 Jul | Steel News

Ex-Australia coking coal jumps to $260/mt FOB after fire at Anglo American

02 Jul | Scrap & Raw Materials

Anglo American suspends operations at Australian coal mine after fire

01 Jul | Steel News