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Bowen Coking Coal to Acquire Broadmeadow East Coking Coal Project from Peabody

Coal News - Published on Mon, 29 Jun 2020

Image Source: Broadmeadow East Coking Coal Project
Bowen Coking Coal Ltd advised that it has executed binding agreements with Peabody (Burton Coal) Pty Ltd, a wholly owned subsidiary of US headquartered Peabody Energy Corporation, whereby BCB will acquire the Broadmeadow East coking coal project, located within undeveloped Mining Lease 70257. The transaction includes access rights to both the New Lenton Joint Venture Coal Handling and Preparation Plant and the Train Load Out Facility, which are connected by an established haul road passing immediately adjacent to ML 70257. The Company has secured throughput capacity of a minimum of one million tonnes per annum, with the ability to potentially increase this capacity to a total of 2 million tonnes per annum, subject to agreement.

Broadmeadow East is covered by ML 70257 and is located about 25km northeast of the township of Moranbah, within the Central Bowen Basin in Queensland. It is approximately 30 kilometer north west of BCB's Isaac River project and 45km south of the Company's Hillalong Coking Coal Project. The Project is abutting Fitzros Ironbark No 1 project in the North East, Broadlea pit in the South and Peabody's Broadmeadow West mine to the West

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Posted By : Yogender Pancholi on Mon, 29 Jun 2020
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