Australia's Bowen Coking Coal at over 7-yr high on final nod for project

Bowen Coking Coal

04/03/2022 01:21

** Bowen Coking Coal  BCB.AX  rises as much as 9.4% to
A$0.290, its highest since November 2014
    ** Says https://www.investi.com.au/api/announcements/bcb/808a798c-32a.pdf
 its Broadmeadow East Project in Queensland's Bowen Basin got
approval from state government to amend its existing
environmental authority
    ** Adds that it has now received the final approval to
commence mining operations
    ** Says studies indicated a run of mine production target of
0.8 mln tonnes per annum (mtpa) to 1.1 mtpa over a
five-to-seven-year period
    ** BCB set to gain for eighth straight session; on track to
add more than 25% over the week - best since mid-August last
year
    ** About 12.4 mln shares change hands, vs the 30-day average
of 3.6 mln shares
    ** BCB up 51.4% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))