TheAdvertiser.net.au

Home Decoration
.

First production in view as Bowen Coking Coal scoping studies deliver strong results

  • Written by Gareth Quinn

Bowen Coking Coal’s ambitions to become a low-cost independent producer of high quality coking coal within the next few years have received a major confidence boost after scoping studies indicated a peak annual production of 1.7 million tonnes per annum (Mtpa) from two of its Bowen Basin assets.

 

Results of the company’s first stage independent scoping studies have indicated a run of mine (ROM) production target of 0.8 million tonnes per annum (Mtpa) to 1.1Mtpa over a five to seven year period for Broadmeadow East, and 0.4Mtpa to 0.6Mtpa over a four to five year period for Isaac River.

 

Bowen Managing Director and CEO Mr Gerhard Redelinghuys, said the first stage production target results followed recent exploration results and brought a production horizon clearly into view.

 

“The combined projects have the potential to generate significant amounts of cashflow in the light of recent price recoveries and relatively low capital requirements, which will allow us to advance our other, larger projects,” Mr Redelinghuys said.

 

“These studies will now be optimised in preparation for a Final Investment Decision on the projects which are proposed to come on line at a time when market fundamentals are expected to be strong.

 

“Demand for higher-quality metallurgical coal like Bowen’s is increasing following environmental reforms in China’s steel industry, while growing steel production capacity in India, Vietnam, Malaysia and Indonesia is also expected to support demand for our products,” he said.

 

Mr Redelinghuys said that an environmental application for its Isaac River project along strike of BMA’s Daunia mine has been submitted and approvals are expected in the second half of this year.  Final permitting and decision to mine is also planned for later this year for the company’s flagship Broadmeadow East Project which is located 25km north-east of Moranbah in close proximity to several major coking coals mines including Peabody’s Coppabella Mine and BMA’s Broadmeadow Mine.

 

Summary of key outcomes (approximate)

Particulars

Broadmeadow East

Isaac River

Life of mine (LOM)

5 – 7 years

4 – 5years

Production (ROM)

0.8 – 1.1Mtpa

0.4 - 0.6Mtpa

Total strip ratio (Incl Auger tonnes)

7.0:1 BCM/ROMt

8.6:1 BCM/ROMt

Total coal yield

69%

81%

Total Coal per annum

0.55 -0.83Mt

0.32 - 0.49Mt

FOB Cost (Excluding Royalties)

A$100 - $110

A$113 - $122

Initial Capital Expenditure

A$6 – A$8m

A$14-A$17m


 

About Bowen Coking Coal

Bowen Coking Coal Ltd is a Queensland based coking coal exploration company with advanced exploration and development assets. The Company owns the Broadmeadow East (100%), Isaac River (100%), Cooroorah (100%), Hillalong (90%) and Comet Ridge (100%) coking coal projects in the world-renowned Bowen Basin in Queensland, Australia. Bowen Coking Coal is also a joint venture partner with Stanmore Coal Limited in the Lilyvale (15% interest) and Mackenzie (5% interest) coking coal projects. The highly experienced Board and management aim to grow the value of the Company’s coking coal projects to benefit shareholders by leveraging innovation and maximising the assets and network of the team. An aggressive exploration and development program underpins the business strategy.

Business

Leading App Development Company Achieves Milestone With 1 Million Downloads

Code Heroes, a frontrunner in the app development agency located in Brisbane, Queensland, Product planning, UX/UI design, frontend and backend devel...

Ride-On Sweepers for Airports: Keeping Runways and Terminals Clean

Airports are bustling centers of activity serving as gateways, to the world for millions of travellers every year. It is crucial to maintain these f...

What Are the Common Phishing Indicators?

As per studies, phishing is among the most prevalent and successful cybersecurity network attacks, responsible for about half of all ransomware assa...

Life Instyle back showcasing the best, unique, premium companies and products

Australia’s top-tier retailer trade show, https://www.lifeinstyle.com.au/sydney/en-gb.html, is coming back to Sydney offering a premium, curated...

What are the advantages of a PDF converter?

A PDF converter can reduce file size without sacrificing the document's quality. A PDF converter will result in a document 25 percent smaller than...

1950’s Etiquette style comes to Hunters Hill with a Modern and Educational Twist

Nestled in the leafy district of hunters hill comes a newly crafted business which combines quality education to strengthen emotional quota, intel...

How to Hire a Professional Graphic Designer for Your Brand

You have just recently finalized a brand for your company. You are all set to introduce it to consumers and the market. You and your team are sure...

Hospitality skills shortage running dry in the NSW Riverina

Businesses such as Junee Licorice and Chocolate Factory and Yarra Wines in the NSW Riverina are facing a labour shortage, with some companies having...

What Is Cloud-Native Computing and 4 Reasons Why Businesses Need It

Over the last couple of years, we have heard a lot of things about digital transformation and how cloud computing makes an integral part of this d...