BCC wraps up Broadmeadow East acquisition

BOWEN Coking Coal has completed its $1 million acquisition of the Broadmeadow East project in Queensland from Peabody Energy.

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BCC wraps up Broadmeadow East acquisition BCC wraps up Broadmeadow East acquisition BCC wraps up Broadmeadow East acquisition BCC wraps up Broadmeadow East acquisition BCC wraps up Broadmeadow East acquisition

Bowen Coking Coal completed the Broadmeadow East acquisition ahead of schedule.

On top of the $1 million cash consideration for Broadmeadow East, BCC is to pay a royalty of $1 per tonne on all coal produced and sold from the project, to a maximum of 1.5Mt.