• Bowen Coking Coal (BCB) has provided an update on operations and its cash position for the June quarter
  • An important milestone for the company was the binding agreement with Peabody to acquire the Broadmeadow East Project in Queensland
  • Conveniently, the project lies 30 kilometres northwest of BCB's Isaac River Project and 45 kilometres south of its Hillalong Coking Coal Project
  • Sumitomo chose to proceed with the Hillalong Joint Venture by funding $2.5 million to gain a 10 per cent interest in the project
  • In late-June, Bowen Coking Coal raised $2.25 million to go towards the Isaac River Project
  • Furthermore, Bowen Coking Coal ended the quarter with just shy of $2.4 million
  • Company shares ended the day in the grey, to trade for 5.3 cents each.