Coal miner Bowen Coking Coal will adjust the mine plan a its Burton Complex in order to preserve capital amid tightened market and pricing conditions. The miner said on Monday that while the initial focus at the Burton Complex had been on the Broadmeadow East pit, the Ellensfield South Pit would become an operational cornerstone in the near-term and would deliver up to 2.75-million tonnes a year of run-of-mine (ROM) production, in order to take advantage of improvement in the coking coal pricing.
PERTH – Coal miner Bowen Coking Coal will adjust the mine plan a its Burton Complex in order to preserve capital amid tightened market and pricing conditions.
The company is also working with its contractor to identify opportunities to reduce the cost base further, with equipment selection and services provided under the contract. Should the JV elect to defer the increased costs for the powerline relocation, mining operations would continue at the Broadmeadow East mine within a safe offset of the powerline and then either step around the powerline for a period of time or pause mining from the fourth quarter of the 2024 financial year, meaning Ellensfield South will maintain coal feed to module 1 of the coal handling and preparation plant .
Furthermore, a strategic review of the Bluff mine is also continuing, and discussions are being held with key stakeholders about the future operational status of the mine, given the current pricing environment.
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