06
Nov
01:59
Bowen raises $33M via equity offering
Australian coal miner Bowen Coking Coal has announced a fully underwritten AUD 50 million ($32.56m) equity raising. In a separate statement it announced the succesful completion of the placement and institutional offer. This will provide the firm with balance sheet flexibility to fund ramp-up of mining at Ellensfield South Pit until it achieves steady-state production, Kallanish notes.
Bowen says in a statement that the proceeds will be used to fund ram…
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Anonymous
Very good overview of the weekly steel market.
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