Shipment company

Bowen Coking Coal (ASX:BCB) ships first cargo of coal from Broadmeadow East – The Market Herald

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  • Bowen Coking Coal (BCB) ships first coal from Broadmeadow East Mine (BME) to Dalrymple Bay Coal Terminal (DBCT) near Mackay, Queensland
  • The train was sold under a cash deal with the company’s 50-50 marketing joint venture with M Resources, carrying 10,426 tonnes of coal.
  • Bowen confirms that three more trains carrying BME coal are expected to be routed to DBCT in the coming week
  • Furthermore, he feels the expedition further cements him as Queensland’s next independent coal producer.
  • Bowen shares are down 4.55% to close at 31.5 cents

Bowen Coking Coal (BCB) has shipped its first coal from Broadmeadow East Mine (BME) to Dalrymple Bay Coal Terminal (DBCT) near Mackay, Queensland.

The train containing 10,426 tonnes of coal was sold under a cash deal with the company’s 50-50 marketing joint venture with M Resources.

Three more trains carrying around 30,000 tons of BME coal are expected to move to the DBCT in the coming week.

While Bowen’s own facilities are being refurbished, initial sales are underway through Fitzroy’s facilities at Carborough Downs.

Managing Director and CEO Gerhard Redelinghuys said the shipment of Bowen’s first coal
of BME was another significant achievement for the company, following the expeditions of the Bluff mine earlier in the year.

“It also demonstrates the company’s technical capability in bringing two mines into production in one year, while simultaneously renovating the Burton complex,” he said.

“This is a wonderful achievement for the company, demonstrating our ability to move quickly and overcome obstacles as we reach our goal of producing five million tonnes of run-of-mine (ROM) coal per year by 2024. .”

BME is the first pit to be commissioned as part of BCB’s larger Burton complex in Queensland’s Bowen Basin.

Coal production started at the BME pit in July this year and is expected to increase
to steady production between 800,000 tonnes per annum (tpa) and 1.1 million tpa ROM in the next quarter.

The company believes the shipment further solidifies it as Queensland’s next independent coal producer.

Bowen shares fell 4.55% to close at 31.5 cents.