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Bowen shares crushed after $190M finance deal

SHARES in emerging miner Bowen Coking Coal halved today after the company outlined a A$190 million funding package to accelerate its plans to develop the Burton mine and to acquire the Lendon project – on a day when Queensland's government ended a decade-long freeze on coal royalties.

Haydn Black
Bowen has dreams of becoming a key coal exporter

Bowen has dreams of becoming a key coal exporter

The new royalty structure will start at 20% for prices above $175/t, and up to 40% for prices above $300/t.   While eclipsed by the royalty hike, today's funding package was almost three years in the...

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