BCB 3.45% 6.0¢ bowen coking coal limited

a few delays due to production issues (weather, labor,...

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    • a few delays due to production issues (weather, labor, pre-stripping) and processing bottlenecks (3rd party CHPP)
    • production and sales will materially ramp up in the current quarter
    • by March 23, our own CHPP will be operational
    • record coking coal prices are holding up given global gas shortages / switching into thermal market, despite looming recession

    Summary of various reports


    Oct-Dec quarter

    • expected sales of about A$100m
    • expected maiden positive operating cashflow

    Bluff

    • production delays due to weather delays, labor shortages,new water pits (effectively pre stripping)
    • steady-state operation (ROM 80-100ktpm) expected later inOct-Dec 22 quarter
    • sales of 180kt Oct-Dec 22
    • ULVPCI coal trading at over US$282 (Oct 10)


    Broadmeadow East

    • sales of 140kt in late Dec 22 (washing capacity set at 42kt/mth till Dec due to capacity constraints at 3rd party provider)
    • to compensate, unwashed (bypass) coal will be sold into thermalmarket
    • own Train Load Out facility available from Nov onwards
    • crushing circuit of own CHPP expected to be recommissionedin the Oct-Dec 22 quarter
    • own wash plant (2.5mtpa initial capacity) expected to berestarted in the Jan-Mar 23 quarter
 
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Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
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