BOWEN Coking Coal has delivered on its plan to buy the Bluff pulverised coal injection mine in Queensland’s Bowen Basin from the liquidators of Carabella Resources.
It is expected to cost between $5 million and $7 million to restart the Bluff mine.
BCC plans to pay $5 million for the mine, plus potential price-linked royalty payments for coal sales above $120 per tonne. Bluff was put into care and maintenance in December after a period of low...
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