Australia's Bowen Coking Coal hits record low on possible onshore mine ops pause

Bowen Coking Coal

20/06/2025 01:42

** Shares of Bowen Coking Coal BCB.AX fall 42.9% to A$0.20, hitting their lowest level ever

** Coking coal producer flags inability to secure funding for Burton Mine Complex may cause temporary pausing of operations at part or all of the onshore project

** However, co says FY25 run-of-mine coal production and coal sales guidance achieved in May, with one month of the financial year remaining

** Stock fell as much as 47.1% earlier in the day, set for its worst intraday pct drop since early October 2024

** Around 291,154 shares change hands, vs the 30-day average of 186,007 shares

** Stock down 75% this year, including the day's move

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))