BCB 10.2% 5.3¢ bowen coking coal limited

No one's going to lose a job if Bowen closes down, the basin is...

  1. 1,636 Posts.
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    No one's going to lose a job if Bowen closes down, the basin is absolutely humming and short staffed in alot of sites in alot of departments. Don't think the government would simply defer payments to keep them solvent and keep "jobs".

    I don't think it's fair to blame the royalties either in a sense, Bowen have the ability to assess and re-assess their deposits with accuracy to enable profit driven mining. Whether they do that or not, and instead ride on the coat tails of the "financial sell geo models" they recieved during their purchases is another story.

    I think coppabella has closed one pit temporarily for the year which would typically open up rail space but coincidently olive downs has started first coal as well.

 
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