Australia's Bowen Coking hits record low on reduced coal output at Queensland mine

Bowen Coking Coal

14/07/2025 02:26

** Shares of Bowen Coking Coal BCB.AX fall as much as 20.8% to a record low of A$0.076

** The coking coal company reduces coal production at Burton Mine Complex in Queensland, Australia, due to current depressed state of global steel markets, persistently low coal prices, among other reasons

** Co starts mining at complex with reduced fleet size, primarily focussing on low-cost, low strip-ratio production

** Continues to explore range of strategic and commercial outcomes to provide business with funding, says Bowen Coking

** About 602,000 shares change hands vs its 30-day avg of ~408,000

** Stock down 90.5% YTD, including the day's move

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))