Bluff coal mine. Source: Bowen Coking Coal
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Bowen Coking Coal (BCB) commences coal mining at its Bluff mine in Queensland, as it transitions from explorer to producer
  • The company is currently completing an early works program to prepare the pit for mining before HSE Mining begins its three year mining contract
  • Bowen expects first coal sales during this quarter and is targeting steady-state ROM coal production at 80,000 tonnes to 100,000 tonnes from July
  • Shares are trading 9.65 per cent higher today at 31.3 cents each

Bowen Coking Coal (BCB) has begun coal mining at its Bluff mine in Queensland, as it transitions from explorer to producer.

The company is currently completing an early works program to prepare the pit for mining before HSE Mining begins its three year mining contract.

It expects first coal sales during this quarter and is targeting steady-state ROM coal production at 80,000 tonnes to 100,000 tonnes from July.

Managing Director and CEO Gerhard Redelinghuys said this is the first step of many ramp up activities planned across Bowen’s projects.

“The commencement of coal mining at Bluff is a monumental move for the company
as we take the major step from explorer to becoming Australia’s next multi-mine coal producer,” he said.

“It is also the culmination of many months of hard work from all involved and I want to thank all our stakeholders for their support, especially the Bowen board, management and staff who made this possible”.

Shares were trading 9.65 per cent higher today at 31.3 cents each at 2:50 pm AEST.

BCB by the numbers
More From The Market Herald
Countplus (ASX:CUP) - Incoming CEO, Hugh Humphrey

" Hugh Humphrey appointed CEO of Countplus (ASX:CUP)

Investment services company CountPlus (ASX:CUP) has appointed Hugh Humphrey as the company's CEO, effective July 1.

" ASX employee tests positive for Covid-19

The ASX says an employee has contracted Covid-19.

" ASIC launches official investigation into ASX market outage

The ASX has confirmed today it is officially under investigation from the Australian Securities and Investments…

" ASX sheds more light on last week’s market tech failure

The Australian Securities Exchange has shed some more light on the nature of last week's market…