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.

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Bounty slashes coal production guidance by 13% Bounty slashes coal production guidance by 13% Bounty slashes coal production guidance by 13% Bounty slashes coal production guidance by 13% Bounty slashes coal production guidance by 13%

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.