Australia's Bowen Coking Coal slumps on BUMA Australia's $10 mln payment demand

Bowen Coking Coal

15/07/2025 03:48

** Bowen Coking Coal BCB.AX slumps as much as 29% to record low of A$0.071; last down 22%

** Co gets letter of demand from BUMA Australia Pty for payment of invoices totalling A$15.3 mln ($10 mln) by midday July 16

** Co considering whether continuing commercial negotiations, recapitalisation efforts with BUMA remain viable

** About 1.7 million shares traded, 2.8x the 30-day average

** BCB loses 90.3% YTD

($1 = A$1.5284)

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com;))