UNDERGROUND

Bounty slashes coal production guidance by 13%

BOUNTY Coal has downgraded the forecast for December quarter production by 13% to 163,000 tonnes of saleable product due to delays in the ramp up at its Cook colliery in Queensland.

 Sumping machine at Bounty Mining's Cook colliery in Queensland.

Sumping machine at Bounty Mining's Cook colliery in Queensland.

The company has reached agreement with Amaroo Blackdown Investments Pte Ltd and Amaroo Blackdown Investments LLC to secure a $20 million working capital facility.   Both production costs and revenues...

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