INTERNATIONAL COAL NEWS

Bounty gets positive

BOUNTY Industries continued to turn around its fortunes in the June quarter with a net operating ...

Angie Tomlinson

The full-year operating cash flow was $1.33 million, compared to a negative cash flow of $2.8 million in 2007.

Bounty has set a number of company records, including a number of daily, weekly and monthly production records during May and June.

It also extended its run of zero lost-time injuries to more than 670 days at the end of June.

The company is now looking to expand mining operations with existing contracts and secure new contracts. It said it had submitted a number of tenders or expressions of interest to new clients in Queensland and New South Wales.

Bounty was trading at 8c this morning.

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