07
Jun
08:44
Bowen raises funds for Burton coal project
Australian coal miner Bowen Coking Coal is raising AUD 50 million ($33.34m) for its Burton coal mine in Moranbah, Australia, Kallanish notes.
The company has completed an AUD 40m placement at AUD 0.17 per share.
It has also announced a fully underwritten AUD 10m share purchase plan to eligible shareholders on the record date, at the same price as the placement.
The capital raising will allow the company to continue its growth trajectory and the development of th…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous